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Kering SA is set to award a €20 million ($22.8 million) sign-on bonus to Luca de Meo when he takes over as chief executive ...
Gucci-owner Kering is in talks with a member of the Qatari royal family for the sale of a building in Milan's top shopping ...
Kering reported last month that recurring operating profit fell 15 percent to 4.75 billion euros in 2023, and it expects another decline this year, particularly in the first half.
Kering faces financial pressure as it has made big acquisitions, including of perfume maker Creed for €3.5 billion. “Kering has many issues right now, but Gucci is core.
Kering warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia. REUTERS The label is undergoing a design overhaul under the creative direction of ...
Kering's biggest brand Gucci saw its second-quarter sales fall most sharply, in posting a 20% drop to EUR2 billion, as the luxury firm's second-biggest selling brand, Yves Saint Laurent, also saw ...
Sales at Gucci, Kering’s flagship brand, slumped 25% to 1.57 billion euros, below a Visible Alpha estimate of 1.63 billion euros.
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