Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.

French luxury goods firm Kering reported better-than-expected fourth-quarter sales that were still down year-on-year amid ...

The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri ...

He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its ...

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% ...

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...

By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued ...

Kering’s annual recurring operating income fell 46% to €2.55 billion ($2.63 billion) last year, the French fashion group said, the lowest since 2016. Aside from Gucci, Kering’s labels ...

Gucci's profitability was severely hit, as evident in first-half results that saw operating income down 44%. There are two macro challenges facing the luxury market as a whole, including Kering.

Shares of Kering surged 5.5% on Tuesday after the French luxury goods giant reported better-than-expected fourth-quarter sales.

Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it tries to revive its flagship brand, Gucci. The French luxury giant ...