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Gucci cuts China prices by more than 40% as Kering profit plunges 60%

Verifying
  • Gucci completed broad price cuts across handbags and ready-to-wear in China.
  • Ophidia mini bucket bag prices fell 3,600 yuan to 8,700 yuan.
  • Kering closed 75 stores in 2025 and plans 100 net Gucci closures in 2026.
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