Kering Shares Drop After Sales Miss Estimates on Tourism Decline

  • Stock declines as much as 4.3% after Gucci Sales Decelerate
  • Bottega Veneta's revenue dropped twice as much as expected

Gucci owner Kering SA fell as much as 4.3 percent after the French luxury-goods maker reported first-quarter revenue that trailed analysts’ estimates as slowing tourism arrivals in Europe weighed on demand for Bottega Veneta handbags.

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