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Kering estimates Q1 revenue to drop 13-14pc over COVID-19 fallout

March 20, 2020

Saint Laurent commiserating message over the COVID-19 coronavirus fallout. Image credit: Saint Laurent Saint Laurent commiserating message over the COVID-19 coronavirus fallout. Image credit: Saint Laurent

 

By Luxury Daily News Service

French conglomerate Kering, hit by the coronavirus fallout, estimates that its first-quarter revenue ending March 31 will be down 13 percent to 14 percent in reported terms and around 15 percent compared to the year-ago period.

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