Sales plunge at Gucci owner Kering amid Covid19

// Sales at Kering plunge almost 44% in the second quarter due to the Covid19 pandemic
// Operating margins at the group fell to 17.7%The luxury group Kering announced that sales had plunged by 43.7 per cent in the second quarter due to the coronavirus pandemic, adding it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.
The Gucci owner’s revenue was better than analyst expectations, with those at UBS citing estimates for a 46 per cent fa