Gucci will bounce back, Kering says

Gucci will bounce back, Kering says after profit slump
Gucci will bounce back soon, the Italian fashion house's parent company Kering said on Tuesday after its poor showing contributed to the group's profits falling to 1.13 billion euros in 2024, down by 62% with respect to the previous year.
Gucci sales slump continues as market awaits turnaround
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 United States.
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a turnaround plan for its core brand. Some luxury groups have pointed to signs of a rebound in demand,
Kering hit by weak sales at Gucci
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 sales fell 12 per cent on an organic basis in the fourth quarter to €4.
Gucci Sales Tumble as Kering Turnaround Fails to Take Shape
Gucci quarterly sales tumbled as Kering SA’s biggest label struggles to emerge from an extended demand downturn.
Gucci Parent Kering Posts Revenue Slump
The French luxury group reported lower revenue at a time when some peers have signaled a potential rebound in demand.
Gucci's woes continue as revenues and profits fall following miserable Christmas sales
Gucci, worn by celebrities including actress Daisy Edgar-Jones (pictured), saw revenues in the three months to the end of December fall 24% on last year.
Daily Front Row8d
Sabato De Sarno Exits Gucci
Gucci's creative director Sabato De Sarno has exited his role after less than two years leading the Italian brand.
L'OFFICIEL USA8d
All the Details on Creative Director Sabato De Sarno's Gucci Departure
The future of the brand is in question following the designer's exit from Gucci, where he changed the image and failed to ...
Gucci Readies For A Reset As Creative Director De Sarno Exits
With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to ...
Oman Observer3d
Gucci parts ways with Italian designer Sabato de Sarno
Luxury giant Gucci announced on Thursday it was parting ways with Italian designer Sabato De Sarno, who had been its creative ...
Sabato De Sarno Has Parted Ways With Gucci
As NYFW begins, another shakeup is rocking the fashion industry: Sabato De Sarno has stepped down as creative director of ...
Tuko News on MSN3d
Gucci owner Kering's annual profit plunges
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...
Gucci announces departure of creative director De Sarno just weeks before next Milan runway show
Gucci’s new CEO, Stefano Cantino ... De Sarno, 42, was named creative director of the storied Italian fashion house two ...
Sabato De Sarno Is Out at Gucci
Instead, De Sarno is making an early exit. On Thursday, Gucci announced De Sarno’s departure, the latest high-profile ...
Prestige Online7d
Gucci parts ways with Creative Director, Italian designer Sabato de Sarno
Luxury giant Gucci announced on Thursday it was parting ways with its creative director, Italian designer Sabato de Sarno.