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Kering Lags Luxury Peers

Quarterly sales fell by 9 percent, with weakness at Saint Laurent and Balenciaga as well as work-in-progress Gucci, as the group struggles to cope with slowing luxury demand.
Kering's quarterly sales fell by 13 percent
Kering's quarterly sales fell by 9%. (Getty Images)

Kering reported third-quarter sales fell 9 percent at constant currency as the French luxury group struggled to cope with slowing global demand.

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Robert Williams
Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

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