Kering Shares Drop as Gucci Growth Cools, Bottega Veneta Slides

Kering shares fell the most in more than six months as growth at the French company’s flagship Gucci brand cooled from last year’s relentless pace and sales slumped at leather goods maker Bottega Veneta.

The shares dropped as much as 7.6 percent in Paris trading, the steepest decline since Oct. 10, 2018, after the company reported revenue that narrowly beat analysts’ estimates late on Wednesday.