World Footwear

Kering

Bottega Veneta appoints Louise Trotter as Creative Director

Dec 19, 2024 / France
The British designer will succeed Matthieu Blazy at the creative leadership of the luxury label, parent company Kering and Bottega Veneta announced in a joint release

Gucci fully acquires Colonna Group tannery

Dec 9, 2024 / Italy
Gucci Logistica, a subsidiary of Kering, has increased its stake in the Colonna Group to 100% for an undisclosed sum, thus strengthening its investment in the leather industry

Kering leads the fashion industry with science-based targets for nature

Dec 4, 2024 / France
The French group became the first fashion company to set measurable science-based goals for reducing water use and land footprint, including both its direct operations and supply chain

Kering and Centre for Sustainable Fashion launch new governance programme

Nov 13, 2024 / United Kingdom
Launched by Kering and the Center for Sustainable Fashion, “Governance for Tomorrow” is a three-year programme that aims to bring together experts from different sectors to develop alternative governance models in luxury fashion

Kering issues third profit warning of the year

Oct 24, 2024 / France
The owner of Gucci and Yves Saint Laurent has issued a third profit warning amid a downturn in the luxury market and after posting a “larger-than-expected” slowdown in the third quarter

Kering promotes Stefano Cantino to CEO of Gucci

Oct 9, 2024 / France
The French luxury group has announced that Stefano Cantino, who joined Gucci in May 2024 as Deputy CEO, has been promoted to CEO of the brand. He will succeed Jean-François Palus

Luxury hit a rough patch

Premium ContentOct 1, 2024 / World
Looking back on the first half of the year, it would be hard to argue that luxury is in for a smooth ride. Will this challenging period continue? And for how long?

Kering profits plunge in the first half

Jul 25, 2024 / France
Amidst a general slowdown in demand for luxury goods and with Gucci struggling badly, Kering has seen its first half net profit halved as compared to the same period last year

Kering expects H1 recurring operating income to decline by 40-45%

Apr 25, 2024 / France
The French-based luxury giant expects its first half operating profit to plummet by 40% to 45%, after reporting a 10% year-over-year fall in sales, largely due to the weak performance of Gucci

Luxury hit the brakes in 2023

Premium ContentApr 16, 2024 / World
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand

New deputy CEO for Gucci

Apr 12, 2024 / Italy
Kering, the French-based luxury group that owns Gucci, has appointed Stefano as deputy chief executive officer of the Italian house. The move comes amid efforts to revive Gucci

Kering warns of a 20% slump in Gucci sales for the first quarter

Mar 20, 2024 / France
The French-based luxury group has issued a preliminary statement for the first quarter, warning of a 10% drop in sales, led by its star house Gucci

Kering’s revenue declines after trying 2023

Feb 8, 2024 / France
The French-based luxury group has reported a 4% year-on-year decline in revenue in 2023, driven by weak performances of all its main Houses. Fourth quarter also disappointed

Kering finalises the acquisition of a 30% stake in Valentino

Dec 6, 2023 / France
The French-based luxury group announced that it has completed the acquisition of a 30% shareholding in Valentino, following approval from the antitrust authorities

Kering posts revenue decline

Oct 26, 2023 / France
The French-based luxury group posted a 13% revenue decline in the third quarter of 2023, as compared to the same period of last year, due to weak performances at all of its main Houses
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