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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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About the author
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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