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Posted by
Two Blokes April 24, 2025 -
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Stock
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Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead. Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9 billion euros ($4.4 billion), below the 4.01 billion euros forecast by LSEG analysts.
