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
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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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