Kering posts 1% first-half revenue growth as Gucci’s decline narrows

Kering reported modest first-half comparable revenue growth and a return to quarterly growth for the first time in three years, with Gucci's sales decline narrowing and profitability improving. Saint Laurent returned to growth and Bottega Veneta beat expectations, supporting a sharp post-results equity repricing. The update signals stabilization in luxury demand and brand execution, which can lift broader risk sentiment despite being company-specific.