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International Business Times
International Business Times
Business
Katell PRIGENT

Gucci Owner Kering Profits Slump In 'Trying Year'

Kering CEO Francois-Henri Pinault said 2023 was a 'trying year' for the group that owns Gucci (Credit: AFP)

French luxury giant Kering on Thursday reported a drop in 2023 earnings but vowed to press on with its investment strategy to put flagship brand Gucci "back on track".

Kering, whose other houses include Yves Sain Laurent, Balenciaga and Bottega Veneta, posted a 17 percent fall in net profit to 2.98 billion euros ($3.2 billion).

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