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Gucci owner Kering warns of fall in first-quarter sales

FILE PHOTO: Staff members wearing face masks are seen inside a store of an Italian luxury brand
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PARIS (Reuters) - Kering , the French luxury goods group behind brands such as Gucci, said on Friday it expected comparable sales to fall by around 15% in the first quarter as the coronavirus outbreak saps demand and forces it to close stores. The health crisis first hit China - a major market for high-end wares - before spreading elsewhere, and several European states including Italy, Spain and..
Date Published: Mar 20, 2020
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