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Kering Q1 hit hard by Covid-19, sales down 15 percent

French luxury conglomerate Kering, whose portfolio includes brands Gucci, Yves Saint Laurent and Bottega Veneta, has revealed the extent to which Covid-19 has impacted the business in the first quarter of the year. The group’s revenue fell by 15.4 percent on a reported basis and 16.4 percent on a comparable basis to 3.2 to billion euros, with...