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Gucci, Kering
Gucci owner Kering sees 12% revenue drop in 2024
The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.
Kering revenue plummets as Gucci losses deepen
Fiscal 2024 revenue fell 12% and wholesale dropped by more than 20% as the company looks to fix its distribution strategy and potentially downsize its retail network.
Gucci slump continues to weigh on luxury goods group Kering
Luxury group Kering’s fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group’s performance in major markets China and the United States buoyed investors.
1d
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
Kering’s Q4 Earnings Drop 12% as the Luxe Conglomerate Takes in $4.5 Billion
Kering earned $4.52 billion in the fourth quarter 2024, better than predicted but still a 12 percent drop year-over-year.
1d
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.
2d
on MSN
Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?
Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.
Legit on MSN
1d
Gucci owner Kering's annual profit plunges
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...
3d
Kering's Gucci Performance In Focus -- Earnings Preview
NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...
2d
3 Reasons Why Kering Can Outperform Following 2024 Collapse
Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong ...
5d
on MSN
House of Gucci needs a spring clean
In difficult times, fashion is always outrageous,” the eccentric Italian designer Elsa Schiaparelli once said. So it is ...
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