Kering Reports 1% Comparable Revenue Decline in Third Quarter
Kering said third-quarter revenue fell 1% on a comparable scope and exchange-rate basis, citing a challenging luxury market.
By Andrea FiguerasParisian group Kering said sales were hit by a challenging luxury market in the most recent quarter.The owner of Gucci, Bottega Veneta and other high-end labels booked a 1% decrease in revenue on a comparable scope and exchange rate basis for the third quarter. Revenue was 3.345 b…