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Luca de Meo

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Kering Aims to Double Margin by 2028

Kering CEO Luca de Meo announced plan to more than double operating profit margin from 11% to around 22% by end-2028. Gucci Q1 sales fell 8% and Middle East retail revenues dropped 11% due to Iran war

Kering Targets Double Operating Margin by 2028

Kering CEO Luca de Meo announced plan to more than double recurring operating margin from 11% to ~22% by end‑2028. Gucci sales fell 8% in Q1, with Middle East retail revenues down 11% after Iran war b