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International Business Times
International Business Times
Business

RARE PHOTOS: Gucci owner kering s annual profit plunges | Rare Historical Photos

Despite a drop in earnings, shares in Gucci's parent company jumped as the results were not as bad as feared (Credit: AFP)

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

Its share price, however, jumped on the Paris stock market as the company's results for the last three months of the year were not as bad as feared by analysts.

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