Yahoo Finance12d
Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?
Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it tries to revive its flagship brand, Gucci. The French luxury giant ...
Robb Report11d
Kering’s Q4 Earnings Drop 12% as the Luxe Conglomerate Takes in $4.5 Billion
Gucci posted sales of 1.92 billion in the fourth quarter, a drop of 24 percent compared to last year’s numbers. The label’s profits accounts for nearly 50 percent of Kering’s total revenue ...
Wall Street Journal10d
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 turnaround plan for its core brand. Some luxury groups have pointed to signs ...