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flag Kering's stock fell 13.5% after appointing Demna Gvasalia as Gucci's new artistic director, amid sales concerns.

flag Kering's stock dropped up to 13.5% after naming Demna Gvasalia as Gucci's new artistic director. flag Investors are concerned about Gucci's revival under his leadership, as the brand, which accounts for nearly half of Kering's sales, has struggled recently, reporting a 23% drop in sales in 2022. flag This significant dip marks Kering's lowest share price in three months.

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