Sales go up, margins down for Gucci's parent

Kering reported a 4.0 percent increase in consolidated revenues from continuing operations to €10.04 billion in 2014, up 4.5 percent on a currency-neutral basis. However, the group's operating margin went down by 1.6 percentage points to 16.6 percent and its net income declined by 4.4 percent to €1,177.4 million.

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