Gucci's image revamp is risky as it accounted for half of Ke...
Gucci's image revamp is risky as it accounted for half of Kering's sales and 70% of its profit in 2023. Kering's stock may seem cheap, but heavy investment in advertising and store refurbishments could lower profit margins. Until new Gucci collections gain shopper approval, luxury investors are advised to look elsewhere.
Heard on the Street: Gucci's New Look Falls Flat -- WSJ
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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