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Gucci Turnaround Will Take More Time Amid Weak China Demand, HSBC Says
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April 24, 2024
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3:18Now PlayingKering's attempt to turn around Gucci will take longer than anticipated, according to HSBC luxury and sporting goods analyst Aurelie Husson-Dumoutier. Speaking on Bloomberg Television, she explains that while the US has entered a path of more normalized growth, it's "not enough to compensate for the weakness in the Chinese consumer."
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