The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.

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.

By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group's performance in major markets China and the United States buoyed investors.

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.