This is a Kering news story, published by CNBC, that relates primarily to Gucci news.
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latest European luxury groupCNBC
•Entertainment
Entertainment
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French luxury goods firm Kering posted a 12% decline in fourth-quarter revenues to 4.39 billion euros ( $4.52 billion ) Sales at Gucci plunged 24% annually over the three months period to 1.92 billion euros.
Full-year sales also dipped 12% to 17.19 billion euros versus an anticipated 17.09 billion euros forecast.
Kering is the latest European luxury group to report earnings over recent weeks .
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