Gucci accounts for about half the group’s revenues and two-thirds of operating profit, making its revival vital for Kering — although ... region — while North America had not proved very ...

French luxury group Kering said Wednesday its 2024 operating profit could come in at half of last year's level as a sales slump at its flagship Gucci house worsens. Sales revenue came in at 3.8 ...

Kering said its operating profit would nearly ... as a slump in demand for luxury goods in the Asia-Pacific region continues to weigh on Gucci. The French luxury group—which owns other brands ...

Earlier this month, Kering named Stefano Cantino as Gucci CEO effective from January, replacing longtime Kering executive Jean-Francois Palus who held the role for an interim period since last year.

Kering, the owner of high-end brands such as Gucci and Yves Saint Laurent, is scheduled to report results for the third quarter on Wednesday after markets close in France. Here is what you need to ...

Gucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. The Italian luxury brand saw a 25% drop in quarterly revenue as compared ...

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times. Kering SA desperately needs the “Demure ...

KERING warned that its annual profit will fall to the lowest level since 2016 as a slump in Chinese demand for luxury goods hampers a turnaround of the French fashion group’s biggest label, Gucci.

"We are executing a far-reaching transformation of the group, and at Gucci in particular, at a time when the whole luxury sector faces unfavourable market conditions," Kering Chair and CEO ...

FRENCH luxury goods group Kering warned on Wednesday (Oct 23) its full-year operating income would almost halve after reporting a larger-than-expected drop in third quarter sales, as weak demand in ...