Today Kering announced its sales fell 12% to £4.97 billion in the fourth quarter, slightly better than consensus estimates of a 13% decline. Still, Kering's fourth-quarter performance lagged behind its biggest rival - lvmh. While there were brand bright spots - Bottega Veneta's sales were up 15% - sales for its largest brand, Gucci, were down 24% year-on-year. Following last week's news of Sabato De Sarno's exit, all eyes are now on Gucci as we wait to find out who the house's next creative director is. Discover everything to know from Kering's latest earnings here. https://www.voguebusiness.com/story/companies/kering-sales-decline-12?utm_source=whatsapp&utm_medium=social&utm_campaign=channel