Price rally for Gucci owner Kering

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Price rally for Gucci owner Kering
Photo: Alberto Pezzali AP/TT

Sales for luxury brand Gucci, part of France's Kering SA, continued to decline in the fourth quarter of last year. Investors on the Paris stock exchange reacted positively. Shares surged 14 percent after profits did not fall as much as feared.

Excluding items affecting comparability, Gucci's sales fell 10 percent in the fourth quarter, in line with the average analyst forecast, according to Bloomberg.

The quarter was the tenth consecutive quarter of decline for Gucci, which had a prolonged slump in sales in China.

Operating profit for the full year 2025 fell 40 percent to EUR 966 million, better than the expected EUR 911 million.

Kering SA, which is controlled by the Pinault family, also owns other famous brands, including Yves Saint Laurent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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