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Even ‘Hottest Brand’ Gucci Can’t Shake Off Lockdown Malaise

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Kering’s fourth quarter report saw Gucci post a revenue decline, while Covid-19 lockdowns weighed on first-half results. In a Nutshell: For the fourth quarter ended Dec. 31, total revenue fell 8.2 percent to 4.00 billion euros ($4.81 billion) from 4.36 billion euros ($5.25 billion), and were down 5 percent on a comparable basis. Some of…

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