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Kering sees earnings fall, issues profit warning

By AFP

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Flagship store of the fashion house Gucci in Milan Credits: Gucci

Luxury group Kering said Wednesday its half-year net profit fell by half and warned operating earnings for the second half of the year would be down around 30 percent.

Revenues also slid by 12 percent and its flagship brand Gucci continues to underperform, with sales down by 20 percent.(AFP)

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