Kering Group’s first-half profits to tumble -40-45% as Q1 revenues slump; Eyewear bucks downward trend
Luxury goods powerhouse Kering Group has posted an -11% (reported, -10% comparable) year-on-year decline in first-quarter revenues to €4.5 billion (US$4.8 billion) and warned of a likely -40-45% slump in first-half recurring operating income. Kering …