Kering working on deals to sell stakes in several stores, says deputy CEO
ReutersApr 24, 2025 3:40 PM
PARIS, April 24 (Reuters) - Kering PRTP.PA is working on several potential deals to sell stakes in stores in Italy, New York, Tokyo and Paris, deputy CEO Jean-Marc Duplaix told shareholders on Thursday.
The French luxury group, which reported worse than expected first-quarter sales on Wednesday, is offloading part of its real estate as it comes under growing financial pressure from plummeting sales at its flagship brand Gucci.
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