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As revealed by Kering CEO Luca de Meo.
The French luxury group’s overall revenues fell 6.2% as the highly anticipated turnaround for its flagship brand takes longer than expected.
Stay up to date on the latest industry trends.
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Taking over a beauty portfolio that gives L’Oréal control over Kering’s fashion names in fragrance, makeup and more.
Francesca Bellettini, currently Kering’s deputy CEO for brand development, is expected to succeed Stefano Cantino.
Adding yet another brand to a growing wave of labor scandals rocking the luxury sector.
The 15% duty on US-bound goods fuels the already uncertain landscape for houses like Louis Vuitton, Gucci, Chanel, and Hermes.
The current chief executive at Renault will assume his new position on September 15.
Stay up to date on the latest industry trends.
Kering reported that its revenue fell by 14% first quarter of 2025, echoing slowed growth reported by LVMH earlier in the week.