Netherlands-based tools and equipment solutions manufacturer Sonic Group acquired its North American distribution partner, Sonic Tools USA. Terms were not disclosed. Auburn, AL-based Sonic Tools USA ...

The Invest in the Basque Country initiative attracts strategic suppliers to the Basque Country to become part of our ecosystem, either with a production facility or an R&D centre. In an increasingly ...

Gucci’s downturn extended into the final stretch of 2024, with fourth-quarter revenue falling 24%, closing out a year in which sales at Kering’s flagship brand dropped 23% to EUR 7.7 billion (USD 8 ...

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...

The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.

He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...

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

Gucci’s abrupt announcement on Thursday that Sabato De Sarno will depart as creative director was a stark and understated conclusion to his short tenure at the helm of the Italian fashion house. In a ...

Stefano and the new Artistic Direction will continue to build on this and to guide Gucci towards renewed fashion leadership and sustainable growth.” A global Luxury group, Kering manages the ...

Kering has parted ways with Gucci’s creative director Sabato de Sarno, two years after he was hired to lead a turnaround at the beleaguered brand. Sarno joined the brand in 2023 to replace ...

expressed gratitude for De Sarno’s focus on “Gucci’s craftsmanship and heritage,” while Kering deputy CEO Francesca Bellettini said he had “further strengthened Gucci’s fundamentals.” ...

Kering’s flagship label Gucci said it ended its collaboration with creative director Sabato De Sarno, at a time when the brand is facing weak demand and as the French group seeks to rejuvenate ...