On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and …
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Kering
Kering, Prada and Hermès Fill in the Blanks on Luxury’s Slowdown
LVMH usually kicks off luxury earnings season on a reassuring note. Not so this time. The conglomerate reported its fashion and leather goods business grew …
Kering Splashes Out €1.3 Billion for Building on Milan’s Iconic Shopping Street
Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street. The French luxury group said Thursday that …
Kering Shares Drop After Warning of Plunge in Gucci Sales
Kering SA shares tumbled after the French luxury group warned that sales at Gucci, its biggest brand, have fallen about 20 percent in the first …
Gucci Sales Down 20% in First Quarter, Kering Forecasts
Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged in an unscheduled trading update Tuesday. The …
Kering and EssilorLuxottica possible suitors for Italy’s Marcolin: Report
Gucci-owner Kering and Ray-Ban parent EssilorLuxottica are among the suitors for Italian eyewear manufacturer Marcolin, the Financial Times reported on Saturday. New York-headquartered eyewear maker …
Kering Is Pulling Its Brands From Farfetch
Farfetch’s relationship with luxury brands is at risk following its deal to be acquired by South Korean e-commerce firm Coupang. This month, Kering ended its …
Kering to Launch Bottega Veneta Perfume By Year-End Amid Push to Bring Beauty Brands In-House
A high-end Bottega Veneta perfume is hoped to be launched by the end of the year, followed by the first fragrances developed in-house for Balenciaga …
Kering Sales Dip 4% In Holiday Quarter
Luxury fashion’s second-biggest group, Kering, reported fourth-quarter revenues that fell 4 percent on an organic basis, in line with analyst estimates. Full-year 2023 sales at …
Kering Backs Biomaterials Company Mogu in $12 Million Funding Round
French luxury group Kering’s venture investment arm has joined Italian biomaterials start-up Mogu’s latest funding round. The €11 million ($12 million) series A was led by …
Kering Lags Luxury Peers | BoF
Kering reported third-quarter sales that fell 9 percent at constant exchange rates as the French luxury group struggled to cope with slowing global demand. The …
Five Key Questions on Kering and Mayhoola’s Valentino Deal
Earlier this week, the market braced for dim news from Kering’s first-half results: Reports of falling US sales at LVMH bore worrying signs for its …
Kering Names New CFO Armelle Poulou
Kering named Armelle Poulou as its new chief financial officer Friday, replacing Jean-Marc Duplaix who was promoted to the role of deputy CEO last week. …
Kering Acquires 30 Percent Stake in Valentino
French group Kering will acquire 30 percent of Rome-based Valentino as part of a broader partnership with Qatari investment fund Mayhoola, the company said Thursday. …
Bluebell Takes Kering Stake in Move to Push for Change
Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change, including looking at a tie-up with Cartier-owner Richemont, two …
Kering Paid $3.8 Billion for Creed
Gucci-owner Kering paid €3.5 billion ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported on Monday, citing people familiar …
Kering Acquires Creed, Making Its First Big Move in Beauty
Francois Henri Pinault’s Kering Beauté has made its first major acquisition for its newly established division with purchase of Creed. Kering Beauté will acquire 100 …
H&M, Kering Among Companies Piloting Science-Based Targets for Nature
Businesses can now assess their impacts on nature loss using science-based targets as part of a move to “get nature into the boardroom.” Research shows …
Katie Holmes Slips On Knot Sandals for ‘Kering Women in Motion Talk’ – Fashion News
Katie Holmes gave her casual style a chic upgrade for the “Kering Women in Motion Talk” in France today. Held during the 76th annual Cannes …
Kering Sets Goal to Decouple Growth From Climate Impact
In February, Kering chief executive François-Henri Pinault told investors that the delicate balancing act the French luxury group has tried to perform between furthering its …