GUCCI OWNER KERING SHUTTERS STORES AND HALTS SPENDING IN CHINA AMID CORONAVIRUS FEARS

Kering, one of the world's largest luxury conglomerates, is temporarily shuttering stores in China and cutting back on ad spending in the region amid coronavirus fears. The French company — which owns Gucci, Saint Laurent, and Balenciaga, among others — has reported a "sharp drop" in traffic and sales in China. Despite the cutbacks, Kering chairman Francois-Henri Pinault says he expects the Chinese market to rebound strong...

BusinessInsider (Date:02/13/2020 17:03) Read full article >>

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China: China , officially the People's Republic of China , is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[
- China Wikipedia
Kering:
Wednesday: Wednesday is the day of the week between Tuesday and Thursday. According to international standard ISO 8601 adopted in most western countries it is the third day of the week. In countries that use the Sunday-first convention Wednesday is defined as the fourth day of the week. It is the fourth day o
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Francois: Franois frnsw is a male French given name , equivalent to the English name Francis.
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