(FILES) This photograph taken during a presentation press conference in Paris on March 22, 2013 shows the new name and logo of French luxury and retail group PPR which will become officially Kering after its approval by the annual general meeting to be held on June 18. Luxury goods group Kering continues its descent, with third-quarter sales down 15% year-on-year, weighed down by Gucci, and now estimates that its operating results in 2024 "could be around 2.5 billion euros", almost half that of 2023. (Photo by Eric PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images)