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

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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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