Kering Revenues Down (-4%) in Final Quarter of 2023. In the fourth quarter of the year the Kering fashion group recorded a turnover of 4.97 billion, down 4% but in line with analysts' estimates.
The slowdown is also due to the slowdown in global demand in the sector, while the flagship brand Gucci continues to relaunch. The French group, which also owns Bottega Veneta and Balenciaga, as well as the Boucheron jewelery brand, sees its'recurring operating income' (a figure very similar to the result before financial charges, Ebit) falling this year.