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Gucci Sales Drop 18% In Q1 Amid China’s Slowdown And Demand For ‘Quiet Luxury’
Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.
I occupy an exceptional position. My success in the financial markets has given me a greater degree of independence than most other people. This allows me to take a stand on controversial issues: in fact it obliges me to do so.
George Soros