Gucci parent Kering’s shares plummet after Demna tapped as design chief
Kering lost its stock market value of around $3 billion on Friday after the group chose internal talent Demna to reinvigorate internal talent Demna rather than hiring one of the fashion big ticket names as chief designers. Kering's shares fell by up to 13% in Paris, marking the worst day in almost a year after […]
Gucci parent Kering’s shares plunge 15% as sales in Asia nosedive
Kering shares plunged on Wednesday, their worst day ever after the French luxury goods company warned that a downturn in Asia would cause first-quarter sales of its star brand Gucci to fall by about 20%. This is expected to be the case. Kering shares fell 12%, shedding about $8.6 billion in market capitalization, while other […]