A Gucci sign is seen outside a shop in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier 

A Gucci sign is seen outside a shop in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier 

A Gucci sign is seen outside a shop in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier 

The logos of French luxury group Kering and fashion house Balenciaga are pictured on Kering headquarters in Paris, France, April 20, 2020. REUTERS/Charles Platiau 

A view shows an advertising poster for the new high end jewellery Gucci store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau 

A view shows the new high end jewellery Gucci store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau 

A view shows an advertising poster for the new high end jewellery Gucci store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau 

A woman is seen inside a Gucci store in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

A Gucci sign is seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

A Gucci sign is seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

A Gucci sign is seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

Gucci signs are seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

A Gucci sign is seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

A Gucci sign is seen outside a shop in Paris, France, December 18, 2017. REUTERS/Charles Platiau 

Metropolitan Museum of Art Costume Institute Gala - Rei Kawakubo/Comme des Garcons: Art of the In-Between - Arrivals - New York City, U.S. - 01/05/17 - (L-R) Actress Dakota Johnson, Gucci Creative Director Alessandro Michele, actress Salma Hayak and CEO of Kering Francois-Henri Pinault. REUTERS/Lucas Jackson 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

The logo of Kering is seen during the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

The logo of Kering is seen during the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault (R), CEO and Chairman of the board of directors of Kering, talks with group managing director Jean-Francois Palus (L) during the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault (L), CEO and Chairman of the board of directors of Kering, and Kering Chief Financial Officer Jean-Marc Duplaix (R), attend the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault (L), CEO and Chairman of the board of directors of Kering, and Kering Chief Financial Officer Jean-Marc Duplaix (R), attend the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, poses before attending the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault (R), CEO and Chairman of the board of directors of Kering, talks with group managing director Jean-Francois Palus (L) during the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, leaves after the company's 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, arrives to attend the company's 2015 annual results presentation in Paris February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, arrives to attend the company's 2015 annual results presentation in Paris February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau TPX IMAGES OF THE DAY

A bag is seen in a Gucci shop window display in Rome, Italy, February 10, 2016. Italian luxury brand Gucci reported a forecast-beating rebound in sales in the fourth quarter under its new designer and chief executive, helped by solid growth in Western Europe and Japan. Parent Kering said Gucci's comparable sales rose 5 percent in the last three months of 2015, above market expectations of 2-3 percent. Picture taken February 10, 2016. REUTERS/Tony Gentile 

A model presents a creation from the Gucci Spring/Summer 2016 collection during Milan Fashion Week in Italy in this September 23, 2015 file photo. Kering, owner of the Gucci brand, is expected to report full-year 2015 results this week. REUTERS/Alessandro Garofalo/FilesGLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH "BUSINESS WEEK AHEAD FEB 15" FOR ALL IMAGES 

Marco Bizzarri, Gucci chief executive, poses during a photocall for the "Kering Women In Motion Honor Awards" as he arrives to attend the Presidential Dinner during the 68th Cannes Film Festival in Cannes, southern France, May 17, 2015. REUTERS/Benoit Tessier 

Alessandro Michele, Gucci Creative Director, poses during a photocall for the "Kering Women In Motion Honor Awards" as he arrives to attend the Presidential Dinner during the 68th Cannes Film Festival in Cannes, southern France, May 17, 2015. REUTERS/Benoit Tessier 

Charlotte Casiraghi and Alessandro Michele, Gucci Creative Director, pose during a photocall for the "Kering Women In Motion Honor Awards" as they arrive to attend the Presidential Dinner during the 68th Cannes Film Festival in Cannes, southern France, May 17, 2015. REUTERS/Benoit Tessier 

Charlotte Casiraghi and Alessandro Michele, Gucci Creative Director, pose during a photocall for the "Kering Women In Motion Honor Awards" as they arrive to attend the Presidential Dinner during the 68th Cannes Film Festival in Cannes, southern France, May 17, 2015. REUTERS/Benoit Tessier 

Charlotte Casiraghi and Alessandro Michele, Gucci Creative Director, pose during a photocall for the "Kering Women In Motion Honor Awards" as they arrive to attend the Presidential Dinner during the 68th Cannes Film Festival in Cannes, southern France, May 17, 2015. REUTERS/Benoit Tessier 

Francois-Henri Pinault (R), CEO and Chairman of the board of directors of Kering, and group managing director Jean-Fran?ois Palus attend the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault (L), CEO and Chairman of the board of directors of Kering, and Kering Chief Financial Officer Jean-Marc Duplaix attend the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS HEADSHOT) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, speaks during the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS HEADSHOT) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, speaks during the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, speaks during the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS HEADSHOT) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, attends the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS HEADSHOT) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, speaks during the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, speaks during the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS) 

Francois-Henri Pinault, CEO and Chairman of the board of directors of Kering, speaks during the company's 2014 annual results presentation in Paris February 17, 2015. Gucci owner Kering, the French luxury and sports brand group, said on Tuesday that the weak euro and strong dollar were likely to boost revenue this year but could hit margins in the first half due to its currency hedging policies. REUTERS/Charles Platiau (FRANCE - Tags: BUSINESS)