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Kering hit by weak sales at Gucci

Kering reported a 12% decline in fourth-quarter revenues to 4.39 billion euros, impacted by a 24% drop in Gucci sales, according to the company's report.
Gucci's sales fell significantly due to a failed aesthetic overhaul, leading to a 24% drop compared to the previous year, according to Kering's announcement.
Kering's CEO, François-Henri Pinault, expressed confidence in reaching a "point of stabilization" and plans for gradual growth moving forward.
Analysts predict that Gucci will not rebound until next year, with the new designer's appointment potentially slowing progress, according to RBC.

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RTÉ

Shares in Gucci-owner Kering rise on turnaround hopes

Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said today, but a slight improvement in the group's performance in major markets China and the US buoyed investors.

12 days ago·Ireland

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Zero Hedge

Gucci-Owner Kering Nears "Point Of Stabilization" After Brutal Luxury Downturn

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

12 days ago·United States

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ANSA

Gucci will bounce back, Kering says after profit slump

Gucci will bounce back soon, the Italian fashion house's parent company Kering said on Tuesday after its poor showing contributed to the group's profits falling to 1.13 billion euros in 2024, down by 62% with respect to the previous year. (ANSA)

12 days ago·Italy

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CNBC

Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%

French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label.

12 days ago·United States

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Le Figaro

After an annus horribilis in 2024, Kering does not wait for a recovery before 2026

The sales and profits of the owner of Gucci, Saint Laurent and Balenciaga have plunged last year. The rebound of its Italian flagship brand will still be waiting.

12 days ago·Paris, France

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