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.

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

By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued ...

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I sincerely appreciate how he honored Gucci’s craftsmanship and heritage with such commitment,” Francesca Bellettini, Deputy CEO of Kering, Gucci’s parent company, added: “I sincerely thank Sabato for ...

“I sincerely appreciate how he honoured Gucci’s craftsmanship and heritage with such commitment.” Francesca Bellettini, deputy CEO of Kering, Gucci’s parent company, said: “I sincerely thank Sabato ...

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 ...

The announcement came as the Italian label struggles to revitalize its brand amid falling sales and stock performance. Kering, Gucci's parent company, has witnessed a near 3% drop in its shares ...

with fashion-forward yet accessible brands like Gucci being hit hardest. Kering, Gucci’s parent company, will release their annual results on February 11, and all eyes will be on what’s next ...