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Gucci sales in China fell sharply, making nearly $8 billion in market cap disappear

French investors woke up to a nasty surprise Wednesday morning. Luxury conglomerate Kering, which owns big-name fashion labels like Gucci, Saint Laurent, and Balenciaga, told them not to be surprised if its next financial update is uglier than expected.Read more…
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"The only truly secure system is one that is powered off, cast in a block of concrete and sealed in a lead-lined room with armed guards." — Gene Spafford

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