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

Luxury houses are used to highs and lows ... On S&P Capital IQ numbers, the Gucci owner’s indebtedness including capitalised leases at the end of June 2024 was three times that.

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

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.

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...