By  on July 30, 2014

PARIS — Kering hopes its transition out of retail and into a luxury and lifestyle group will help it weather a tougher-than-expected economic environment this year.

The French conglomerate said Wednesday that net profit fell 4.7 percent to 555 million euros, or $761 million, in the first six months of 2014, during which it closed the sale of struggling mail-order retailer La Redoute.

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