Francois-Henri Pinault, chief executive officer of Kering SA, speaks during a luxury partnership event at HEC business school in Paris, France, on Wednesday, April 27, 2016. Gucci owner Kering fell as much as 4.3 percent after the French luxury-goods maker reported first-quarter revenue that trailed analysts estimates as slowing tourism arrivals in Europe weighed on demand for Bottega Veneta handbags. Photographer: Christophe Morin/Bloomberg via Getty Images