Time is running out for Gucci's makeover
![Time is running out for Gucci's makeover](https://media.fashionnetwork.com/m/ba37/def5/cfff/5375/f2e1/74f6/77aa/a8c7/f33e/24ac/208x208/24ac.jpg)
Sales excluding currency movements and mergers and acquisitions at the Italian fashion house fell 19% in the second quarter, exceeding the drop expected by analysts and showing no improvement on the first three months.