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Gucci owner Kering warns of fall in Q1 sales

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Kering, the French luxury goods group behind brands such as Gucci, said on Friday it expected comparable sales to fall by around 15 per cent in the first quarter as the coronavirus outbreak saps demand and forces it to close stores.

[PARIS] Kering, the French luxury goods group behind brands such as Gucci, said on Friday it expected comparable sales to fall by around 15 per cent in the first quarter as the coronavirus outbreak saps demand and forces it to close stores.

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