Kering’s Annual Profits Plunge Amid Challenging Year for Luxury Giant
French luxury conglomerate Kering, known for owning iconic brands like Gucci, Balenciaga, and Saint Laurent, has reported a sharp decline in annual profits, marking a tough year for the company. The ...
Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’
Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri ...
Cosmetics Business1h
Kering Beauté nets Kering €323 million in 2024
Of this, Kering Beauté’s revenue was €323m, with the 2023 acquisition of luxury perfume house Creed consolidated over the ...
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a ...
Retail Detail2h
Kering in deep crisis as Gucci sales fall 24 %
The last quarter of 2024 was even worse than expected for Gucci, as its sales dropped by a quarter. As a result, its owner ...
Kering earnings call: Analysts focused on Gucci outlook after FY results
Kering (EPA: PRTP ), the parent company of the luxury brand Gucci, conducted a conference call today to discuss its full-year financial results and provide insights into its future strategies. At ...
Shares in Gucci-owner Kering rise on turnaround hopes
STORY: Gucci-owner Kering wasn't in fashion with buyers during the fourth quarter.The French luxury group reported a 12% drop ...
Gucci slump continues to weigh on luxury goods group Kering
Luxury group Kering’s fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a ...
Jing Daily3h
Kering profit plunges, Gucci shows signs of life in China
With Gucci sales down 24% and creative leadership in flux, Kering pins recovery hopes on promising improvements in the ...
Kering stock surges 5% despite Gucci’s slow sales: here’s why
Shares of Kering surged 5.5% on Tuesday after the French luxury goods giant reported better-than-expected fourth-quarter sales.
Gucci Parent Kering Posts Revenue Slump — Update
The switch in artistic direction at the company's flagship brand comes after Kering reshuffled Gucci's executive team, naming Stefano Cantino as chief executive of the label in October, a year after ...
Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%
French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down ...