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 stock is on one of its worst runs since 1994. The cost of living crisis is the main headwind facing the company, which should be cyclical. The company's booming business in Japan, which ...

Paris (AFP) – Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per cent on a comparable basis in the fourth quarter, Kering said ...

PARIS: French luxury group Kering reported a 12% drop in fourth-quarter sales on Tuesday, dragged lower by its Italian brand Gucci, but flagged a slight improvement in major markets China and the ...

After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases. © 2024 Fortune Media IP Limited. All Rights ...

On Tuesday, Kering said its sales fell 12 per cent to €4.97 billion in the fourth quarter ending 31 December — slightly better than consensus estimates of a 13 per cent decline. Still, Kering’s fourth ...

Our efforts must remain sustained and we are confident that we have driven Kering to a point of stabilization, from which we will gradually resume our growth trajectory.” Kering’s revenue amounted to ...

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