Gucci sales slump continues
Kering hit by weak sales at Gucci
Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.39bn. At Gucci, which typically accounts for about half of group sales and two-thirds of profits, sales fell 24 per cent to €1.92bn in the quarter, missing analyst expectations, while operating income for the full year fell 51 per cent to €1.6bn.
1hon MSN
French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down ...
Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong ...
Bottega Veneta was a bright spot, with a 12 percent rise, but the brand is also set for a shift following the departure of ...
With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to ...
Sabato De Sarno’s departure adds to the industry turmoil.
NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...
Luxury group Kering reported a 12% drop in revenue for 2024, totaling €17.2 billion, marking a year under pressure for the company. Recurring ...
4don MSN
Gucci has announced that its creative director of under two years, Sabato De Sarno, has left the position just two and a half ...
De Sarno’s appointment was “a key ingredient in management’s strategy to push Gucci towards a more mainstream position. His ...
Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback