The French luxury and sportswear group that owns Gucci and Yves Saint Laurent reported a rise in sales for the first half of the year but analysts said that the company was losing momentum.
Revenues at Kering Group rose by 15.3 per cent in the six months to June 30 but its Gucci brand suffered a slowdown in sales growth, falling from 37 per cent to 16.3 per cent over the same period. Gucci accounts for more than half of Kering’s revenues.
