Kering reported Q3 2023 revenue below expectations, showing sales declines across all its brands. The decline was particularly driven by a greater fall-off in the wholesale activities due to the strategic wholesale rationalization. Overall revenue was significantly impacted by weakening local demand from aspirational customers in North America and Europe. Given the current revenue contraction, Kering anticipates a lower EBIT margin for Gucci for this year vs. FY22, and does not expect a margi ....