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Gucci-Owner Kering Slumps to 2017 Low on China Demand Fears

Kering SA’s stock plunged to a seven-year low on Monday, with analysts downgrading the Gucci owner amid concerns over weak demand in China, marking a sharp decline in the luxury sector.
Gucci store in China.
Kering fell as much as 4.3 percent on Monday, the most in about seven weeks. (Shutterstock)

French fashion designer Kering SA slumped to a seven-year low on worries about demand in China, with the Gucci brand owner among the worst-hit stocks in the recent luxury-sector selloff.

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