Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.
The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.
Shares of Kering surged 5.5% on Tuesday after the French luxury goods giant reported better-than-expected fourth-quarter ...
Mélanie Flouquet, now chief strategy officer, is expected to take up the new position on March 1, with Boston Consulting ...
Kering earned $4.52 billion in the fourth quarter 2024, better than predicted but still a 12 percent drop year-over-year.
Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of ...
CNBC on MSN11d
Kering slightly beats fourth-quarter forecasts even as sales at embattled Gucci brand plunge 24%French luxury goods firm Kering reported better-than-expected fourth-quarter sales that were still down year-on-year amid ...
Luxury group Kering’s fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a ...
Kering SA shares rose as investors took encouragement from better-than-expected profit and signs of stabilization at Gucci, ...
Earlier this month, while fashion lovers were converging on the city for the start of NYFW, news broke in Milan that change ...
10d
GlobalData on MSNGucci owner Kering sees 12% revenue drop in 2024The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.
Reuters on MSN11d
Gucci sales slump continues as Kering seeks new designerPARIS (Reuters) -French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results