The Big Take
The Bet to Redeem Gucci's Standing
Today on the Big Take podcast, the stumble at the house of Gucci, and the brand’s efforts to pull off a turnaround.
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Gucci was once a symbol of red-carpet luxury, but its brand, along with its sales numbers, is faltering. This Tuesday, Gucci’s parent company Kering reported its latest earnings: Gucci’s comparable revenue dropped by 18% in the first quarter this year. Kering also warned that recurring operating income will continue to plummet in the first six months of this year.