Gucci Sales Fall 4% in Q4 2023, Kering's Total Revenues Continue to Weaken

Kering Group on Thursday reported its financial results for the fourth quarter of 2023, revealing a slight fall in revenues across the board. At Gucci, the conglomerate's top-performing brand, sales were down 4%, landing on the lower side of analysts' expectations.The figure does not represent sales for the Italian fashion house's new creative director Sabato de Sarno; his designs will be sold in stores this spring. Still, Kering chairman and CEO François-Henri Pinault said in a statement that ...