Kering : Warning on Q1 sales with Gucci expected to be down -20%, the transition is set to be tough for the brand
>Q1 sales expected at c. -10% in organic terms due to weak sales at Gucci in Asia - Yesterday evening after trading, the group issued a warning on its Q1 sales. It sees a drop of 10% in organic terms (the most recent Visible Alpha consensus was at -2.7%, and we forecast -2.1%) due to weakness in sales at Gucci which is expected to be at -20% in the quarter with what could be a particularly unfavourable trend in Asia (the consensus for Gucci was at -3.7%, and we were a...Kering is engaged in the retail industry, particularly luxury fashion brands. Co.'s operations can be divided into two segments: Luxury and Sport & Lifestyle divisions. The Luxury division includes brands such as Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen, Girard-Perregaux & JeanRichard, & Stella McCartney. In addition, Co. offers Leather Goods, Shoes, Ready-to-wear, Watches, and Jewelry & Other products. The Sport & Lifestyle division designs & develops footwear, apparel & accessories and includes brands like Puma, Volcom and Electric among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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