[ad_1] By Bloomberg Published Apr 24, 2024 Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. The stock slid as much as 8.9% in early Paris trading to the lowest since 2018. Kering’s 20% share slump [...]read moreKering shares drop after Gucci slump prompts profit warning
[ad_1] By Bloomberg Published Apr 24, 2024 Prada SpA’s sales jumped as the Italian fashion group, which also owns Miu Miu, continues to outperform its biggest rivals. See catwalkPrada – Fall-Winter2024 – 2025 – Womenswear – Milan – ©Launchmetrics/spotlight Net revenue rose 16% in the first quarter at constant exchange rates to €1.19 billion ($1.27 [...]read morePrada and Miu Miu get a boost from China as rival Gucci struggles
[ad_1] By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first [...]read moreKering warns profit to tumble following Gucci woes in China
[ad_1] By Bloomberg Published Apr 23, 2024 On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches. A sale of that sort at an outlet in a nondescript suburb of Paris, near Disneyland, would be unthinkable for rival purveyors of luxury like Louis Vuitton, Chanel and [...]read moreBillionaire Pinaults fight to pull Gucci off the discount rack
[ad_1] Spring is underway, which makes now the best time to shop for sunglasses. Amazon is here with tons of deals on designer eyewear for sunny days and spring vacations. A stylish pair of sunnies you can rock year-round are an essential part of any wardrobe for shielding your eyes from uv rays in style. And as [...]read moreBest Designer Sunglasses Deals on Amazon for Spring 2024: Gucci, Prada, Versace and More
[ad_1] By AFP Translated by Roberta HERRERA Published Apr 11, 2024 Gucci has long served as the powerhouse driving the luxury conglomerate Kering forward. Yet, sales of the esteemed Italian brand are decidedly on a downward trajectory in a decelerating global luxury market. Consequently, Kering has little choice but to rejuvenate the brand by elevating [...]read moreRevitalizing Gucci: Kering’s paramount endeavor
[ad_1] Translated by Cassidy STEPHENS Published Apr 4, 2024 Marco Bizzarri is beginning a new chapter. After eighteen years with Kering at the helm of some of the group’s finest houses, including Gucci from 2015 to 2023, the manager is announcing a new phase in his professional life, “focused on investments in companies and human [...]read moreFormer Gucci CEO Marco Bizzarri invests in Elisabetta Franchi
[ad_1] By Bloomberg Published Apr 4, 2024 Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street. Via Monte Napoleone 8 The French luxury group said Thursday that it’s buying Via Monte Napoleone 8 from a unit of Blackstone Property Partners Europe. The 18th-century property covers five [...]read moreGucci owner splashes out €1.3 billion for building on Milan’s iconic shopping street
[ad_1] By Reuters API Published Apr 2, 2024 Former Gucci executive Marco Bizzarri has set up a new investment company after recently leaving the Kering-owned brand, documents seen by Reuters on Tuesday showed. Reuters After taking the helm at Gucci in 2015, he went on to appoint Alessandro Michele as the label’s chief designer and [...]read moreFormer Gucci CEO Bizzarri sets up investment company
[ad_1] By Bloomberg Published Mar 20, 2024 Gucci is being ghosted. Parent Kering SA warned on Tuesday that its first-quarter sales, excluding currency movements and mergers and acquisitions, would decline by about 10%. Gucci’s are expected to be down by almost 20%, primarily reflecting weakness in Asia. The shares fell as much as 15%. See [...]read moreGucci hits some bumps on the way down to a soft landing