Editor
French fashion designer Kering SA slumped to a seven-year low on worries about demand in China, with the Gucci brand owner among the worst-hit stocks in the recent luxury-sector selloff.
Kering fell as much as 4.3 percent on Monday, the most in about seven weeks, as analysts at Barclays Plc cut their recommendation on the stock to underweight from ‘equalweight.’
The latest decline came even as peers like LVMH and Hermes saw modest rebounds…
