Morningstar analysts said in a recent note: "A 10% to 20% tariff on European luxury goods could depress luxury sales in the U ...

The French luxury group reported better-than-expected sales on Friday, pushing its market cap above 300 billion euros for the ...

Birkin bag maker Hermes reported higher sales for the final quarter of 2024 boosted by a strong performance in the Americas, adding to signs of a rebound in demand for luxury goods.

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.

Coca-Cola shares rose after the beverage maker reported fourth-quarter earnings and revenue that surpassed Wall Street expectations. WK Kellogg shares rallied after the cereal maker's earnings topped ...

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

Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri ...

“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 ...

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 ...

PARIS, Feb 6 — Gucci design chief Sabato De Sarno will leave the Italian flagship label after less than two years in the job, owner Kering said today, as the brand battles to turn around its fortunes ...