Citi analysts view Kering's warning as a concerning sign for...
Citi analysts view Kering's warning as a concerning sign for the luxury goods sector. Jefferies analysts point out that Kering's warning mainly shows a sharp decline of Gucci in Asia-Pacific, especially China. Bernstein analysts emphasize that Kering's issues are company-specific but also suggest weak consumer confidence and discretionary spend in China.
European Luxury Stocks Fall After Gucci Owner Kering Warns of Sales Drop
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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