Kering

Kering warns on annual 2024 operating profit as Gucci sales fall

By Reuters Published October 23, 2024 French luxury goods group Kering warned on Wednesday its full-year operating income would almost…

4 weeks ago

a new maelstrom at the head of the luxury houses?

Published October 10, 2024 Does Hedi Slimane's departure from Celine herald a major shake-up in the creative departments of luxury…

1 month ago

LVMH buys a key stake in another Italian success story, Moncler, and gains seat on board

Published September 27, 2024 LVMH has acquired a 10% stake in Remo Ruffini’s key holding company that controls luxe sportswear…

2 months ago

Japan’s Shiseido becomes latest luxury brand hit by China slump, shares plunge

By Reuters Published Aug 8, 2024 Japanese cosmetics powerhouse Shiseido fell by its daily limit in Tokyo trading on Thursday…

3 months ago

Ralph Lauren revenue rises 1% on stable demand in Europe, China

By Reuters Published Aug 7, 2024 Ralph Lauren Corp posted a rise in quarterly revenue on Wednesday, benefiting from steady…

3 months ago

Birkin handbag maker Hermes outshines rivals with big sales jump

By Reuters Published Jul 26, 2024 Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the…

4 months ago

Bernard Arnault has lost more wealth than any billionaire in 2024

By Bloomberg Published Jul 26, 2024 French tycoon Bernard Arnault’s net worth has plunged this year by more than anyone…

4 months ago

Time is running out for Gucci’s makeover

By Bloomberg Published Jul 26, 2024 It’s even worse at Gucci than we thought.Sales excluding currency movements and mergers and…

4 months ago

Kering highlights Bottega Veneta’s stellar first half

Translated by Roberta HERRERA Published Jul 26, 2024 While Kering's overall results were shadowed by Gucci’s disappointing performance, Bottega Veneta…

4 months ago

Bottega Veneta names Barbara Zanin head of crafts and heritage

Translated by Nicola Mira Published Jul 20, 2024 Bottega Veneta is putting the accent on its products’ craftsmanship. The Italian…

4 months ago

Valentino unveils “Anatomy of Dreams” haute couture fragrance collection

Translated by Roberta HERRERA Published Jul 16, 2024 Valentino is expanding its offerings with a "haute couture" fragrance line. Owned…

4 months ago

Cucinelli stock slide hints at tough results season for luxury

By Bloomberg Published Jul 14, 2024 Markets’ downbeat reaction to Brunello Cucinelli SpA’s solid second-quarter earnings is an ominous sign…

4 months ago

China’s rich ditch flashy luxury as global sales stall, says Bain

By Reuters Published Jun 19, 2024 China's richest people are avoiding flaunting their wealth in favour of more discreet fashion,…

5 months ago

Fashion Pact names Óscar García Maceiras of Inditex as steering committee co-chair

Translated by Nicola Mira Published Jun 12, 2024 A fast-fashion giant has replaced another at the head of Fashion Pact.…

5 months ago

Struggling demand amidst soaring prices in the luxury sector

By Reuters Translated by Roberta HERRERA Published Jun 10, 2024 The departure of Chanel's creative director has profoundly shaken the…

5 months ago

Luxury prices in spotlight as Chanel enters new chapter

By Reuters Published Jun 10, 2024 The departure of Chanel's top designer early Thursday sent ripples across the $1.62 trillion…

5 months ago

French fragrance brand Matière Première welcomes Kering Beauty into its capital

Translated by Roberta HERRERA Published Jun 6, 2024 Following an initial fundraising in October 2020, Matière Première has welcomed Kering…

6 months ago