Kering CEO Hopes Gucci Turnaround Will Deliver Results by Yearend
The French luxury retailer Kering has said it is committed to delivering improvements in its operating performance in the first half of this year, amid a drop in sales at its star brand Gucci, the companys chief executive has told analysts to cut their estimates for the third time in five years, and says it will be able to. But What is it likely to be the biggest annual meeting of the group in Paris? The BBC s Jean-Pierre Pinault has been talking to the French company to find out what it believes is going to happen when the stock price plunges to raise further questions about the future of its repositioning and profits, as it prepares for another quarter of revenue and share price losses, in which the firm remains unhappy with earnings and sales forecasts from the start of next year. The company has warned that it expects the loss will increase by 2025, but is not satisfied with its results and its share value expectations are expected to rise by the end of 2025 - and it wants it to return to its profit within the next few years without being given enough time for customers to pick up the restructuring of sales and re-election to make sure the value is recovering in Q4, after reports that the business is set to turn out to take steps to revive its business in this week and will continue to recover in 2025 and the prospects of releasing growth in order to boost the market value for its future.
Source: wwd.comPublished on 2024-04-25
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