News

In a report on Kering's investment grade credit rating, S&P analysts highlighted weakening consumer demand for the French ...
Gucci sales plunged as shoppers turned away from Kering’s largest brand that’s undergoing a second design revamp in three years.
Gucci owner Kering , reported on Tuesday a 15% drop in quarterly revenues, falling short of market expectations, with its finance chief flagging further price hikes in the United States to counter ...
Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled ...
Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.
The French luxury group's performance worsened in the second quarter as organic sales at its cash-cow brand fell by 25 percent.
The French luxury group on Tuesday booked revenue of $4.29 billion for the second quarter, 18% lower than in the prior-year period in reported terms.
Kering SA is set to award a €20 million ($22.8 million) sign-on bonus to Luca de Meo when he takes over as chief executive ...
A jump in standalone debt at Artemis, the Pinault family company that controls Gucci-owner Kering, is a "temporary spike", ...
Kering's biggest brand Gucci saw its second-quarter sales fall most sharply, in posting a 20% drop to EUR2 billion, as the luxury firm's second-biggest selling brand, Yves Saint Laurent, also saw ...
Gucci Owner Kering’s Earnings Hit by Turnaround, China Woes The French luxury-goods group said it expects recurring operating income in the second half to be down by around 30% ...
Kering faces financial pressure as it has made big acquisitions, including of perfume maker Creed for €3.5 billion. “Kering has many issues right now, but Gucci is core.