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https://www.wsj.com/articles/kering-ker-q4-earnings-report-2022-c5147b5b Ballet

PARIS—A fall in sales at Gucci and consumer outrage over Balenciaga’s portrayal of children in its ads led to a slowdown in revenue at the brands’ owner. 

French luxury conglomerate Kering SA said its biggest brand, Gucci, booked a 14% drop in comparable sales over a three-month period ending in December in part due to pandemic restrictions that were in place in China during the quarter. Kering reported a 4% sales drop in its “other brands” segment, which includes Balenciaga, over the same period. 

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Balenciaga 7 This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.