Kering shares sink 9Żter profit warning on declining Gucci sales

Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Kering shares sink 9Żter profit warning on declining Gucci sales
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.