Gucci Suffers As Belts Tighten
The world's economic problems have forced even well-heeled big spenders to tighten their belts.Luxury goods firm Gucci, which includes France's Yves St Laurent, has seen its profits dive by 42%.
It made just ￡22.7m in its first quarter - much worse than analysts had been expecting.
The group's turnover also fell,. Our moncler jackets will make you become more handsome, Effort to get it. by 1.. Please find True religion jeans online ,you will have big surpirse.5% to ￡388.2m - again below forecasts.
Global economy
The company blamed the faltering global economy which, it said, had squeezed spending on high fashions.
Its Yves St Laurent side even made a loss of some ￡12.6m, although this was a slight improvement.. We supply top quality diesel jeans,skirt and more.You find the latest jeans clothing,Denim and Fashion Clothing at bbcjeans.com .
And it has warned investors not to expect any improvement in the near future.
'Uncertain times'
Chief executive Domenico De Sole said: "These are trying and uncertain times and consequently we have to be cautious about the rest of the year.. Better keep your eyes on a wholesale t shirt which are far cheaper than the retail ones. Normally, the ones purchased by you are the one which a"
But its shares have held up despite the weak performance.
Majority owner, French retail chain Pinault Printempts Redoute, has made an offer to buy all Gucci's shares in 2004
The world's economic problems have forced even well-heeled big spenders to tighten their belts.Luxury goods firm Gucci, which includes France's Yves St Laurent, has seen its profits dive by 42%.
It made just ￡22.7m in its first quarter - much worse than analysts had been expecting.
The group's turnover also fell,. Our moncler jackets will make you become more handsome, Effort to get it. by 1.. Please find True religion jeans online ,you will have big surpirse.5% to ￡388.2m - again below forecasts.
Global economy
The company blamed the faltering global economy which, it said, had squeezed spending on high fashions.
Its Yves St Laurent side even made a loss of some ￡12.6m, although this was a slight improvement.. We supply top quality diesel jeans,skirt and more.You find the latest jeans clothing,Denim and Fashion Clothing at bbcjeans.com .
And it has warned investors not to expect any improvement in the near future.
'Uncertain times'
Chief executive Domenico De Sole said: "These are trying and uncertain times and consequently we have to be cautious about the rest of the year.. Better keep your eyes on a wholesale t shirt which are far cheaper than the retail ones. Normally, the ones purchased by you are the one which a"
But its shares have held up despite the weak performance.
Majority owner, French retail chain Pinault Printempts Redoute, has made an offer to buy all Gucci's shares in 2004
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