Gucci Sales Dive as Kering Label Faces Another Design Change

Gucci sales plunged as shoppers turned away from Kering’s largest brand that’s undergoing a second design revamp in three years.

Revenue at the Italian label dropped 25% in the second quarter on a comparable basis, Kering SA said in a statement Tuesday, matching analysts’ estimates. Overall, Kering’s sales tumbled 15%, also in line with expectations.