Paris (AFP) – Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.
Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times. Sabato De Sarno’s first collection as ...
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per cent on a comparable basis in the fourth quarter, Kering said ...
LVMH, Kering, Burberry, and Moncler have been hit hard after pouring money into Chinese consumers who have now turned their back on luxury. They are now choosing to spend their money in new ways.
PETALING JAYA: Aneka Jaringan Holdings Bhd anticipates the potential introduction of the targeted petrol subsidy to create price volatilities, similar to the effect of the removal of the diesel ...
On Tuesday, Kering said its sales fell 12 per cent to €4.97 billion in the fourth quarter ending 31 December — slightly better than consensus estimates of a 13 per cent decline. Still, Kering’s fourth ...
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Our efforts must remain sustained and we are confident that we have driven Kering to a point of stabilization, from which we will gradually resume our growth trajectory.” Kering’s revenue amounted to ...
And we will do it again. Gucci will come back. I have absolutely no doubts about this,” Kering chairman and CEO François-Henri Pinault said at the group’s annual earnings meeting. On Tuesday morning, ...
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