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Gucci sales tumbled 25% in the first quarter compared to the same period last year, signaling challenges for parent company Kering’s attempts to revive its biggest brand.

Kering’s pricing power is strong, resulting in gross margins at the higher end of the peer range (mid-70% reported and in the 80% range, channel-adjusted). Absolute pricing of Gucci’s handbags is in ...

Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a ...