Kering Reports Better-than-Expected Sales

This is a Kering news story, published by CNBC, that relates primarily to Gucci news.

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French luxury goods firm Kering

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CNBC

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Entertainment

Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%

Summary

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77% Informative

French luxury goods firm Kering posted a 12% decline in fourth-quarter revenues to 4.39 billion euros ( $4.52 billion ) Sales at Gucci plunged 24% annually over the three months period to 1.92 billion euros.

Full-year sales also dipped 12% to 17.19 billion euros versus an anticipated 17.09 billion euros forecast.

Kering is the latest European luxury group to report earnings over recent weeks .

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English

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