PARIS (Reuters) – Shares in Kering were in positive territory Thursday despite the French luxury goods saying on Wednesday its 2024 operating income would almost halve to its lowest in years due to weak demand in China.
Kering shares were up 0.3% in early session trading.
The owner of fashion brands Gucci, Saint Laurent, Balenciaga and Bottega Veneta also posted a larger-than-expected 16% drop in third-quarter revenue.
(Reporting by Benoit Van Overstraeten; Editing by Makini Brice)
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