Carole Madjo, head of European luxury goods research at Barclays, weighs in on the potential turnaround of Kering-owned Gucci ...

Kering, then known as PPR, bought a controlling stake in Gucci in 1999 and has been instrumental in growing it into the luxury powerhouse that it is today. Its streak of success continued into the ...

Kering warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia. REUTERS. The label is undergoing a design overhaul under the creative direction of ...

Brands manufacturing in France and Italy could be hit hard, forcing tough decisions on whether to absorb the costs or pass ...

By Louis Goss . Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.

Kering said Gucci experienced a marked decrease in Asia-Pacific. Group revenues from Chinese consumers, both at home and abroad, fell 25% during the quarter, Poulou told analysts on a call.

Reuters. A building acquired by Kering for its Gucci brand, as part of a wider push into real estate, stands in Paris, France May 28, 2025. REUTERS/Abdul Saboor ...

Gucci sales plunged 24% annually in the fourth quarter to 1.92 billion euros, Kering reported last month, amid a broader 12% fall in group revenues. Kering confirmed that Demna's appointment will ...

Luxury fashion house Kering has said it expects a slowdown in Asia will see sales from its top brand Gucci drop 20% in the first quarter of 2024, in a rare profit warning that caused its share ...

Gucci Owner Kering’s Earnings Hit by Turnaround, China Woes. The French luxury-goods group said it expects recurring operating income in the second half to be down by around 30%. By .

Kering shares fell after the owner of Gucci and Yves Saint Laurent posted sales below analysts’ expectations for the first quarter, unnerving investors as the group navigates a slowdown in ...

Kering, then known as PPR, bought a controlling stake in Gucci in 1999 and has been instrumental in growing it into the luxury powerhouse that it is today. Its streak of success continued into the ...