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.

Roland Reisley is 100 years old and the last living client of the great architect still residing in the house Wright designed for him.

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

He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...

The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

Shares of Kering surged 5.5% on Tuesday after the French luxury goods giant reported better-than-expected fourth-quarter sales.

Bottega Veneta was a bright spot, with a 12 percent rise, but the brand is also set for a shift following the departure of ...

Gucci has announced that its creative director of under two years, Sabato De Sarno, has left the position just two and a half weeks before the next runway show ...

LVMH dropped 5%, L'Oréal (OTCPK:LRLCF) declined by 3.1%, and Gucci-owner Kering (OTCPK:PPRUF) tumbled 5.4%. Investors remain focused on the Federal Reserve's monetary policy meeting, due later in ...

The results pulled down rival luxury firms as well. Gucci owner Kering tumbled as much as 7.8%, while Moncler slid as much as 3.2%. The results in fashion and leather goods failed “to stand up ...