Kering Shares Fall on Sales Miss
This is a news story, published by CNBC, that relates primarily to Gucci news.
Gucci news
For more Gucci news, you can click here:
more Gucci newsclothes news
For more clothes news, you can click here:
more clothes newsCNBC news
For more news from CNBC, you can click here:
more news from CNBCAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best entertainment news, business news, world news, and much more. If you like clothes news, you might also like this article about
Gucci sales. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest French luxury goods group news, total group revenues news, clothes news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
weak salesCNBC
•Entertainment
Entertainment
Shares of Gucci-owner Kering drop after first-quarter sales slump
80% Informative
Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9 billion euros ( $4.4 billion ) Kering shares were down 4% by 8:20 a.m. time, after trading was halted at the market open.
Gucci sales, which make up nearly half of total group revenues, fell 25% on a comparable basis to 1.57 billion euros .
Kering Chairman and CEO François-Henri Pinault said the company had faced a "difficult start to the year".
VR Score
90
Informative language
96
Neutral language
64
Article tone
semi-formal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links
Small business owner?