The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

Kering’s chairman and CEO, said in the release. “Across the Group, and at Gucci first and foremost, we made critical decisions to raise the impact of our communications, sharpen our product ...

Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround.

Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a turnaround plan for its core brand. Some luxury groups have pointed to signs ...