Kering’s attempt to turn around Gucci will take longer than anticipated, according to HSBC luxury and sporting goods analyst Aurelie Husson-Dumoutier. Speaking on Bloomberg Television, she explains that while the US has entered a path of more normalized growth, it’s "not enough to compensate for the weakness in the Chinese consumer."
Read more on this story here: https://www.bloomberg.com/news/articles/2024-04-24/kering-shares-drop-after-gucci-slump-prompts-profit-warning
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