Luxury labels — including Gucci — struggled this year, leading to poor showings for their parent companies.
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- Luxury powerhouses struggled in 2024 as they faced macroeconomic headwinds.
- The stock price of Kering, the owner of Gucci, has fallen more than 40% this year.
- Two luxury companies, Hermès and Richemont, managed to buck the trend.
2024 was a bad year for luxury.
Many of the world's largest luxury companies saw...