Kering has struggled to turn things around at Gucci, its flagship Italian fashion house famous for its handbags

Kering has struggled to turn things around at Gucci, its flagship Italian fashion house famous for its handbags

French luxury group Kering saw sales slide by six percent in the first quarter of this year, with its troubled flagship Gucci fashion house still dragging down its performance.

The group, which embarked on a deep restructuring effort with the hiring of CEO Luca de Meo last year, plans to unveil a roadmap to turning around its performance to investors on Thursday.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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