Luxury
Gucci and Saint Laurent owner Kering follows Burberry in issuing a rare profit warning as luxury sales in Asia stall
The luxury boom of the pandemic era has turned into a bust, hurting some of the industry’s most prominent players. The latest victim is Gucci and Yves Saint Laurent’s French owner, Kering. In a rare and ominous note issued a month ahead of Kering’s first quarter results for the year,…
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