What’s Up With Gucci’s Slowing Sales and LVMH’s Momentum?

Sales growth at French luxury group Kering’s Gucci brand has slowed after three years of breakneck growth, as rival LVMH accelerates. The Italian label’s comparable sales rose 12.7% in the second quarter, compared with an analyst forecast of 14.5%. Although Kering’s overall sales gains were roughly in line with expectations, the waning momentum at its […]