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Kering CEO Says China ‘Overshadowed’ Gucci’s Strong Q1

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.

China lockdowns affected sales toward the end of Kering’s first quarter. In a Nutshell: “We opened 2022 on a very solid first quarter in a more uncertain environment, notably impacted by tightening Covid restrictions in China since March,” Francois-Henri Pinault, chairman & CEO, said. “All our Houses posted double-digit revenue growth in the quarter, with spectacular…

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