Balenciaga in a storm and a designer-less Gucci slow Kering

Balenciaga and Gucci slow Kering. The advertisement scandal of the former with the departure of creative director Alessandro Michele from the latter, will likely have negative repercussions on the French luxury conglomerate. That’s the belief of HSBC, according to which Kering’s organic revenue will decrease by 3.1% during the fourth quarter of 2022. The main causes…