Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.

Kering, the owner of Gucci, on Tuesday reported lower second-quarter financial returns than what was expected, pointing to ...

Gucci owner Kering , reported on Tuesday a 15% drop in quarterly revenues, falling short of market expectations, with its ...

Gucci sales plunged as shoppers turned away from Kering SA’s largest brand that’s undergoing a second design revamp in three ...

The French luxury group on Tuesday booked revenue of $4.29 billion for the second quarter, 18% lower than in the prior-year ...

Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled ...

About 1,000 unionized Gucci employees are threatening to strike over unpaid welfare bonuses promised by parent company Kering ...

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 ...

Kering warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia. REUTERS The label is undergoing a design overhaul under the creative direction of ...

Kering said Gucci experienced a marked decrease in Asia-Pacific. Group revenues from Chinese consumers, both at home and abroad, fell 25% during the quarter, Poulou told analysts on a call.

Gucci sales plunged 24% annually in the fourth quarter to 1.92 billion euros, Kering reported last month, amid a broader 12% fall in group revenues.

Kering, whose free cash-flow fell by almost 30% in 2024 to 1.4 billion euros, is now rushing to sell stakes in these buildings, hoping to free up 2 billion euros in cash by 2026, it told analysts ...