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Photo: abdul saboor/Reuters Kering, owner of brands such as Gucci and Yves Saint Laurent, reported a sales slump amid a global downturn in demand for high-end goods.

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to ...

Gucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group.

By Andrea Figueras Kering, owner of brands such as Gucci and Yves Saint Laurent, reported a sales slump amid a global downturn in demand for high-end goods.