Wealth

Shares of Gucci-owner Kering drop after first-quarter sales slump

A Gucci luxury boutique in Paris, France, on Tuesday, Oct. 22, 2024. Bloomberg | Getty ImagesShares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead.Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9...