Gucci faces uphill battle as Kering profits slump
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand’s creative director in a bid to revive the struggling fashion house. The French luxury group, whose other brands include Saint Laurent, Bottega Veneta and Balenciaga, said its net profit fell 62 percent to 1.13 billion euros…