Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.

Kering’s annual recurring operating income fell 46% to €2.55 billion ($2.63 billion) last year, the French fashion group said, the lowest since 2016. Aside from Gucci, Kering’s labels ...

The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down ...

NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...

I sincerely appreciate how he honored Gucci’s craftsmanship and heritage with such commitment.” Francesca Bellettini, Kering Deputy CEO in charge of Brand Development, declared: “I sincerely ...

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.

Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the last five years while it tries to revive its flagship brand, Gucci. The French luxury giant ...

Luxury group Kering’s fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group’s performance in major markets China ...