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Gucci Sales Fall 24%
Fashion

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.
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Bottega Veneta Announces Louise Trotter As Creative Director Amidst Matthieu Blazy's Exit

Bottega Veneta Announces Louise Trotter As Creative Director Amidst Matthieu Blazy's Exit

Sources indicate that Blazy will take on the role of creative director at Chanel.
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Gucci Revenue Dives by 25%, Kering Warns of Weakest Annual Profit in Years

Gucci Revenue Dives by 25%, Kering Warns of Weakest Annual Profit in Years

As the global luxury slowdown continues to choke sales at the biggest luxury labels.
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Gucci Sales Fall 20% in First Half of 2024
Fashion

Gucci Sales Fall 20% in First Half of 2024

Overall, Kering’s sales were down 11% in the six-month period.
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Kering Expects Operating Profit to Drop 40-45% in the First Half of This Year
Fashion

Kering Expects Operating Profit to Drop 40-45% in the First Half of This Year

As Gucci’s sales plunge amid economic headwinds and new leadership.
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Kering Shares Fall 14% After Warning Gucci Sales Will Plunge 20% in Q1 2024
Fashion

Kering Shares Fall 14% After Warning Gucci Sales Will Plunge 20% in Q1 2024

The luxury conglomerate’s market capitalization declined by approximately €7.9 billion EUR, as Gucci sees steep sales declines in key markets.
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