Gucci accounted for more than $3 billion of Kering’s H1 2020 revenues. Image courtesy of Gucci
Luxury Daily’s live news:
Kering revenues fall to $6.3B, despite exponential ecommerce growth
French luxury group Kering saw its revenues plunge about 30 percent in the first half of 2020 to 5.378 billion euro, or $6.309 billion at current exchange, as fallout continues after the coronavirus pandemic led to widespread store closures and drastically reduced tourism amid global lockdowns.