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Kering and Gucci: Stabilization after a difficult period?
French luxury group Kering $KER.PAwhose flagship brand is Gucci, has faced a challenging period in recent years. Weakened demand for luxury goods, particularly in China, and the unconvincing direction of the Gucci brand have led to a 38% decline in the stock over the past 12 months. Yet recent results and strategic moves...
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I wouldn't buy the stock, but I wouldn't buy their products either. I'd rather focus on $MC.PA or $RMS.PA.