Gucci owner Kering warns of fall in first-quarter sales

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 France have gone into lockdown to try to cope. Gucci is one of the world's biggest luxury labels by..