Kering's revenue trends are weak in Q1, with Gucci seeing a 25% drop.

From Morningstar: 2025-04-24 09:15:00

Morningstar Equity Research has reduced its fair value estimate for Kering to EUR 360 from EUR 380 due to weak revenue trends in the first quarter. Group revenue was down 14%, with Gucci seeing a 25% drop. Bottega Veneta was the only positive area with 4% revenue growth. Gucci plans to tweak designs and speed up new product supply to address declining demand. Louis Vuitton and Prada are gaining market share as Gucci struggles to regain consumer interest.



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