Profit for the full year plunged 62% to EUR 1.13 billion ($1.17 billion). "In an economic and geopolitical environment that remains uncertain, Kering continues to deploy its strategy with the aim of achieving a profitable long-term growth trajectory," the company noted. "The group is stepping up the initiatives needed to support the development and growth of its houses, while implementing with determination the actions required to increase its efficiency." Image: A Boucheron store in Paris. (Shutterstock)