Kering reported Q1 22 figures with all the brands outperforming consensus except for the “most important”, Gucci, which has been significantly affected by the new waves of COVID-related lockdowns and restrictions in China.
Like its industry rivals, Kering also said that it’s too early to assess the impact of inflation on luxury demand.

22 Apr 2022
Lockdowns in China weighed on Gucci’s performance

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Lockdowns in China weighed on Gucci’s performance
Kering reported Q1 22 figures with all the brands outperforming consensus except for the “most important”, Gucci, which has been significantly affected by the new waves of COVID-related lockdowns and restrictions in China.
Like its industry rivals, Kering also said that it’s too early to assess the impact of inflation on luxury demand.