Kering’s Q3 revenue fell 10% to €3.4 billion (~$3.94 billion), with a 5 per cent comparable decline but showing sequential improvement from Q2.
Gucci’s revenue dropped 18 per cent to €1.3 billion (~$1.51 billion), driven by weaker wholesale and retail sales despite new product successes.
CEO Luca de Meo emphasised ongoing turnaround efforts to restore growth and market prominence.Kering’s Q3 revenue fell 10% to €3.4 billion (~$3.94 billion), with a 5 per cent comparable decline but showing sequential improvement from Q2.
Gucci’s revenue dropped 18 per cent to €1.3 billion (~$1.51 billion), driven by weaker wholesale and retail sales despite new product successes.
CEO Luca de Meo emphasised ongoing turnaround efforts to restore growth and market prominence.
