Kering shares fall sharply after Gucci sales drop again
Shares in Kering, owner of Gucci, fell between 10% and 16% on Friday after Gucci's sales dropped again, a further setback for the group's turnaround plan amid a wider luxury slump.
Left 0 · Centre-left 3 · Centre 3 · Centre-right 2 · Right 0
Sources by leanFollow the moneyMore coverage
How each side framed it
Left-leaning outlets
Left-rated outlets headline it: “Oil tops $114 as European shares fall and Kering tumbles” (Euronews); “Gucci Sales Disappoint on China Slump as Turnaround Falters” (Bloomberg).
Centre outlets
Centre-rated outlets headline it: “Kering shares slide 10% after drop in sales at flagship brand Gucci” (Financial Times); “Kering shares tumble as Gucci fails to reassure investors” (France 24).
Right-leaning outlets
Right-rated outlets headline it: “Shares in Gucci-Parent Kering Plunge as Hoped-For Recovery Keeps Receding” (Wall Street Journal); “Luxury brand stocks plunge to lowest level in years as LVMH, Kering and Hermès hit with sales declines” (New York Post).
Sources by lean
Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.
Left 2
- Euronews
Oil tops $114 as European shares fall and Kering tumbles - Bloomberg
Gucci Sales Disappoint on China Slump as Turnaround Falters (paywalled or blocks bots)
Centre 2
- Financial Times
Kering shares slide 10% after drop in sales at flagship brand Gucci (paywalled or blocks bots) - France 24
Kering shares tumble as Gucci fails to reassure investors (paywalled or blocks bots)
Right 2
- Wall Street Journal
Shares in Gucci-Parent Kering Plunge as Hoped-For Recovery Keeps Receding (paywall or login) - New York Post
Luxury brand stocks plunge to lowest level in years as LVMH, Kering and Hermès hit with sales declines
Showing 2 from each side of 8 rated outlets (L 3 / C 3 / R 2). Capped at 2 because that is all we found on the thinnest side. More coverage
Follow the money
Not yet researched. We haven't yet looked at who gains or loses financially from this story, or who funds the main voices on each side. When we do, we check company filings, the Electoral Commission donations register, lobbying registers, annual reports, InfluenceMap and OpenSecrets, and we apply the same checks to every side. How we follow the money.
Who owns or funds the outlets covering this story (7 outlets)
| Outlet | Lean | Ownership & funding (MBFC) |
|---|---|---|
| Bloomberg | Centre-left | Michael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source |
| Euronews | Centre-left | Euronews is owned by Alpac Capital, a Portugal-based investment fund that acquired an 88% stake in July 2022, with the remaining 12% held by government-supported broadcasters from Europe, Africa, and the Middle East. Ownership also has business ties with Hungary’s Viktor Orban. source |
| Financial Times | Centre | The Financial Times is owned by The Nikkei, a Japanese news and financial information company that publishes the leading financial paper, The Nikkei. The FT generates revenue through subscriptions, a hard paywall, and advertising..push({}); source |
| France 24 | Centre | France 24 is owned by France Médias Monde, a state-owned French holding company that supervises and coordinates the activities of the major public media organizations broadcasting or publishing internationally from France. Besides government funding, they also generate revenue through advertising. source |
| Reuters | Centre | In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source |
| New York Post | Centre-right | The New York Post is owned by Rupert Murdoch’s News Corp, which owns many conservative/sensational media outlets worldwide. The paper is funded through advertising, subscriptions, and newsstand sales. source |
| Wall Street Journal | Centre-right | In 2007, The Bancroft family and relatives sold the Wall Street Journal to Rupert Murdoch for 5 billion dollars. Rupert Murdoch also purchased its parent company, Dow Jones & Co., through News Corporation. Subscriptions and advertising fund the Wall Street Journal. source |