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Retail

Kering sees Q1 revenue drop 15.4pc to $3.48B, ecommerce up 21.1pc

April 22, 2020

Kering brand Bottega Veneta's back, with a 2.2 percent growth in 2019. Image credit: Bottega Veneta: Photo credit: Tyrone Lebon Kering brand Bottega Veneta's back, with a 2.2 percent growth in 2019. Image credit: Bottega Veneta: Photo credit: Tyrone Lebon

 

By Luxury Daily News Service

In a quarter heavily weighed down by the COVID-19 global lockdowns, luxury conglomerate Kering posted revenue of $3.48 billion, down 15.4 percent as reported and a 16.4 percent drop on a comparable basis.

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