French firm Kering reported an 11 per cent YoY revenue drop in Q1 FY24, totalling €4.5 billion (~$4.81 billion).
Retail sales fell 11 per cent, with significant declines in Asia-Pacific, while Western Europe, North America, and Japan remained stable.
Gucci’s revenue decreased by 21 per cent, with notable losses in wholesale and retail sectors.French firm Kering reported an 11 per cent YoY revenue drop in Q1 FY24, totalling €4.5 billion (~$4.81 billion).
Retail sales fell 11 per cent, with significant declines in Asia-Pacific, while Western Europe, North America, and Japan remained stable.
Gucci’s revenue decreased by 21 per cent, with notable losses in wholesale and retail sectors.
