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Gucci sales slump continues
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.
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, said sales over the last three months of the year were 4.39 billion euros ($4.52 billion), down 12% on a comparable basis, in line with expectations according to a Visible Alpha consensus cited by UBS.
Kering hit by weak sales at Gucci
Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround. Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.
7h
on MSN
Kering's CEO says Gucci and other brands will absolutely not shift production to the US to counter Trump's tariffs
He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...
1d
on MSN
Gucci sales slump continues as market awaits turnaround
Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of ...
3h
The murder of Maurizio Gucci
On 27 March 1995, fashion heir Maurizio Gucci was shot dead outside his office in Milan, Italy. Five people, including his ex-wife, Patrizia Reggiani, and her clairvoyant, were jailed in connection ...
21h
Gucci Sales Fall 24%
Kering continues to face headwinds after Gucci faces one of its biggest drops since Creative Director Sebato De Sarno's ...
4d
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 ...
Cosmetics Business
6h
Gucci Beauty names Chinese actor Zhang Linghe fragrance ambassador
It is an extension of the Sparkle Love star’s existing partnership with Gucci, having served as an ambassador for the fashion ...
6d
In Another Shock to Fashion, Gucci’s Designer Is Leaving
Sabato De Sarno’s departure adds to the industry turmoil.
voguebusiness
5d
A to-do list for Gucci’s next creative director
As Sabato De Sarno’s exit from the Italian house triggers an avalanche of rumours about his successor, we lay out the key ...
6d
Heard on the Street: Why Gucci Is Following the Trend—And Seeking a New Designer
Job insecurity is trending at high-end brands. The departure of Gucci’s creative head after only two years reflects a deeper ...
6d
on MSN
Gucci announces departure of creative director De Sarno just weeks before next Milan runway show
Gucci has announced that its creative director of under two years, Sabato De Sarno, has left the position just two and a half ...
10h
Future hinges on Gucci: What’s next for Kering?
Despite a sharp drop in revenue, the French luxury group Kering saw a surprising rally in its stock price yesterday.
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