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Gucci Powers Kering’s Q3 Revenue Rebound

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Luxury goods maven Kering Group reported strong sequential improvement in third-quarter comparable revenue on Thursday, nearly unchanged from the third quarter of 2019 despite the Covid-19 crisis. Consolidated revenue in the third quarter ended Sept. 30 dipped 4.3 percent to 3.72 billion euros ($4.4 billion), down 1.2 percent on a comparable basis. Kering said this…

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