Luxury retailer Kering warns of profit slump as Gucci burdens continue RETAIL Kering braces for a profit slump in the first half of the year as the luxury goods giant struggles to win back Gucci sales.
Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales Retail A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.