Kering shares tumble as Gucci fails to reassure investors

Paris – Kering shares were down more than 10 percent in Paris Friday after the French luxury group published results that failed to reassure investors about a turnaround at its key Gucci brand. At 0730 GMT, Kering shares were down 10. 8 percent at 190. 40 euros, their lowest since June 2025.

The market’s CAC40 index was down 0. 3 percent. Kering reported late Thursday that third-quarter sales were flat at 3. 34 billion euros ($3. 75 billion). Sales at Gucci, by far the group’s largest single brand, fell by four percent to 1. 29 billion euros, worse than the three-percent decline registered in the second quarter. “Gucci has not shown convincing…