Kering, a big fashion company that owns Gucci, had a tough end to the year. Gucci's sales went down a lot, making Kering's overall sales fall too. But there's some good news! Sales in China and the US got a little better, which made investors happy.
- Gucci's sales dropped by 24% in the last three months of the year.
- Kering's overall sales were down 12%.
- Kering fired Gucci's designer and is hoping for a comeback next year.
- The whole luxury fashion market had a slow year.
| Fact | Number |
|---|---|
| Gucci's sales drop | 24% |
| Kering's sales drop | 12% |
| Kering share increase | ~5% |
| Global luxury sales drop | 2% |
