Kering CEO pledges to double profit margins and revive Gucci brand
Business
FLORENCE, Italy, April 16 : Kering CEO Luca de Meo pledged to more than double the luxury group's operating profit margin and boost the appeal of its flagship brand Gucci as he sought to reassure investors unnerved by economic uncertainty and war in the Middle East. In a more than three-hour presentation to investors and analysts in Gucci's birthplace Florence, the former Renault boss said he would more than double Kering's profit margins, shrink and improve the company's store network and
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