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Gucci’s Sales Missed Estimates As Lockdowns in China Weigh

The Italian brand―Kering’s profit and sales engine―missed targets for first-quarter revenue, as Paris-based stablemate Saint Laurent surged.
Gucci's Vault activation sold a mix of archive items and exclusive collabs.
Gucci's Vault activation sold a mix of archive items and exclusive collabs. (Giovanni Attili)

Gucci sales growth missed estimates in the first quarter as lockdowns in China weighed on the performance of the biggest Kering SA brand.

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