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Gucci owner Kering drops 11% as luxury braces for tough winter

   2026-10-23 FMT 5
Core Tip: The long-promised luxury market recovery remains elusive as the widening Middle East war and China’s tax crackdown on the wealthy added pressure on th

Gucci owner Kering drops 11% as luxury braces for tough winter

The long-promised luxury market recovery remains elusive as the widening Middle East war and China’s tax crackdown on the wealthy added pressure on the world’s biggest luxury groups in the third quarter.
 
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