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Things aren't looking great at Gucci, and Kering says its APAC slump is to blame

The Italian luxury brand saw a 25% drop in quarterly revenue as compared to a year before.

By: Business Insider

Oct 25 2024
23
352 Views

Things aren't looking great at Gucci, and Kering says its APAC slump is to blame

A Gucci store in Chongqing, China.Cheng Xin/Getty Images

Gucci had a challenging third quarter partly due to its APAC slump, per Kering's latest earnings call.
The Italian luxury bra… [+3523 chars]

Things aren't looking great at Gucci, and Kering says its APAC slump is to blame

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