Gucci Parent dropped - wiping more than €7 billion euros from market value

Gucci Parent Kering dropped as much as 15%  wiping more than €7 billion euros ($7.6 billion) market value.

Kering has struggled to keep up with rivals like LVMH Moet Hennessy Louis Vuitton SE and Hermes International SCA as luxury sales have cooled over the past year, especially in China.

Kering also owns labels like Yves Saint Laurent and Balenciaga 

Bloomberg 20 March 2024


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