Kering stock slumps 6% after Gucci sales drop, Iran war weighs on earnings
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Source: CNBC
Published: 2026-04-15 17:01 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Economy & Finance, Financial Markets, Business & Economy, War & Conflict
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Snippet:
Kering reported sales below expectations late Tuesday, as the luxury conglomerate's biggest brand, Gucci, remained a drag despite efforts by new CEO Luca de Meo to turn the company's fortunes around.
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