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Kering warns 2013 net income to be significantly lower
November 13, 2013 / 5:36 PM / 4 years ago

Kering warns 2013 net income to be significantly lower

PARIS, Nov 13 (Reuters) - French luxury and sports group Kering on Wednesday warned net income for the current year would be “very significantly” lower than in 2012.

The Paris-based group, which owns fashion brands Gucci and Yves Saint Laurent and sports brand Puma, blamed the drop on one-off charges related to Puma’s restructuring and the disposal of mail order business La Redoute. (Reporting by Astrid Wendlandt; Editing by James Regan)

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