Gucci’s Q4 2020 Sales Fall 10 Percent, Missing Analyst Expectations

Shares in Kering dropped 8 percent Wednesday morning after the French luxury group reported quarterly sales that fell more than analysts predicted for Gucci, its biggest and most profitable brand. Kering’s smaller brands grew, but more slowly than they had the previous quarter. Yves Saint Laurent’s sales rose a modest 0.5 percent, while Bottega Veneta […]