Kering sales fall as Gucci continues to weigh on performance

Kering reported first-quarter sales of around £3.1bn, down six per cent on a reported basis, as continued weakness at Gucci dragged on the luxury group’s performance. On a comparable basis, which strips out currency movements and changes in scope, revenue was stable. The French luxury owner of Gucci, Saint Laurent, Bottega Veneta and Balenciaga is...