French luxury group Kering, owner of Gucci and Yves Saint Laurent, has reported a 18% downturn in its revenue for the second ...

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping ...

Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.

Sales at Kering have been weighed down by weak performance at Gucci, its biggest brand, accounting for about half of the French luxury group’s sales and two-thirds of profits.