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European luxury fashion giants navigate mixed Q3 retail landscape

Kering&#**;s mixed bag: Gucci and Bottega Veneta

Kering, a France-based luxury fashion conglomerate, reported a * per cent year-over-year (YoY) decline in revenue from its directly operated retail network, reflecting lower traffic and varied performances across regions. Gucci, Kering’s flagship brand, experienced a * per cent decrease in its directly operated retail network sales, although its handbags and Valigeria collection remained resilient. The group’s Bottega Veneta brand saw a slight revenue decline of * per cent in its retail network.