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Gucci, Kering

Gucci sales slump continues as market awaits turnaround

French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its Italian brand Gucci, but flagged a slight improvement in major markets China and the United States.

The Wall Street Journal on MSN · 7h

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 of a rebound in demand,

Financial Times · 12h

Kering hit by weak sales at Gucci

Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.39bn. At Gucci, which typically accounts for about half of group sales and two-thirds of profits, sales fell 24 per cent to €1.92bn in the quarter, missing analyst expectations, while operating income for the full year fell 51 per cent to €1.6bn.

5hon MSN

Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

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

7h

Kering revenue plummets as Gucci losses deepen

Fiscal 2024 revenue fell 12% and wholesale dropped by more than 20% as the company looks to fix its distribution strategy and ...

13hon MSN

Gucci Sales Slump Continues as Kering Seeks New Designer

The French conglomerate, which sacked Gucci designer Sabato de Sarno last week as part of its efforts to revive the label, ...

30m

Gucci Sales Fall 24%

Kering continues to face headwinds after Gucci faces one of its biggest drops since Creative Director Sebato De Sarno's leadership.

3d

Gucci Readies For A Reset As Creative Director De Sarno Exits

With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to ...

12hon MSN

Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%

French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down ...

5d

In Another Shock to Fashion, Gucci’s Designer Is Leaving

Sabato De Sarno’s departure adds to the industry turmoil.

1don MSN

Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?

Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.

Gucci parts ways with Italian designer Sabato de Sarno

Luxury giant Gucci announced on Thursday it was parting ways with Italian designer Sabato De Sarno, who had been its creative ...

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