Kering, ricavi stabili ma soffre ancora Gucci

Kering reported stable revenues of €3.345 billion in Q3, with a 1% decline on a comparable basis. For the first nine months, revenue fell 2% to €10.565 billion, influenced by the closure of 100 stores. While brands like Saint Laurent and Bottega Veneta met expectations, Gucci's revenue dropped 4% to €1.291 billion. CEO Luca de Meo emphasized the need to revitalize Gucci to unlock the group's full potential, acknowledging that this will take several seasons.