Editor
Sales at French luxury group Kering rose by just 1 percent in the first quarter, as star label Gucci benefited less than rivals from a rebound in China, and revenues fell sharply in the US.
Kering’s sales came in at €5.08 billion ($5.58 billion) for the three months to end-March.
The increase in comparable sales, which strip out the effect of currency fluctuations and acquisitions, was bang in line with analyst expectations.
But the pace of…
