Gucci owner Kering halts spending in China on virus fears
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PARIS (Reuters) - Gucci-owner Kering has closed half of its stores in China and shelved new openings and advertising campaigns there as the coronavirus epidemic throws luxury brands into turmoil. The French group, which also owns Saint Laurent and Balenciaga, remained upbeat about its longer-term prospects as it beat fourth-quarter sales forecasts on Wednesday. But like rivals, it said disruptions were inevitable from an epidemic that has emptied malls and shopping streets in China, which..