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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 ...

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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 ...

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 ...