Consumer DemandChinese consumer confidence, currently at all-time lows of the post COVID era, remains a key potential catalyst for Kering and the sector.
Financial PerformanceKering's 1H24 revenue declined by 9% y/y to EUR9bn, both as reported and on a comparable basis.
Market ShareGucci continues to lose market share in a luxury pie that is shrinking as weak sector trends have been unforgiving for turnaround/elevation stories.