The company’s shares fell as much as 8.1% in early Paris trading, leaving them down about 14% so far this year.
(April 15): Gucci sales tumbled as the war in the Middle East crimped the troubled Kering brand just as it’s trying to mount a comeback under new management and creative leadership.
Revenue at Gucci slid 8% on a comparable basis during the first quarter, Kering SA said in a statement Tuesday, almost twice the drop expected by analysts.
