PARIS: French luxury giant Kering on Thursday reported a drop in 2023 earnings but vowed to press on with its investment strategy to put flagship brand Gucci “back on track”.Kering, whose other houses include Yves Sain Laurent, Balenciaga and Bottega Veneta, posted a 17 percent fall in net profit to 2.98 billion euros ($3.2 billion).Sales retreated four percent to 19.57 billion euros during what chief executive Francois-Henri Pinault described as a “trying year for the group”.“Our performance did not meet our expectations, once again,“ Pinault said in a call with analysts.“I have decided, together with our management team, that despite the current uncertain environment, we should not reduce
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