Luxury Goods

Kering revenues fall 4% in FY23 despite ‘stable’ sales

The luxury fashion group has attributed its performance to the ‘significant’ impacts from changes in exchange rates and the scope of consolidation

Kering, the group that operates Gucci, Yves Saint Laurent and Bottega Veneta, reported that revenues declined 4% to €19.6bn (£16.7bn) in 2023, despite “stable” sales across its network of websites and stores.

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