is gucci going broke - gucci company problems : 2024-11-02 is gucci going broke The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more of .
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is gucci going broke The French giant, controlled by billionaire François-Henri Pinault, expects first-quarter sales down 10 per cent — compared to consensus expectations of a 3 per cent fall — driven by a near 20 per. While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth.
is gucci going broke Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, . Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection. The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more of .
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is gucci going broke