The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.

Kering SA shares rose as investors took encouragement from better-than-expected profit and signs of stabilization at Gucci, its biggest brand, which has suffered in recent years from weaker demand.Most Read from BloombergNice Airport,