Kering hit by weak sales at Gucci
Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround. Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued ...
The exit of the fashion house's creative director illustrates its struggle to reinvent itself.
Sabato De Sarno’s departure adds to the industry turmoil.
The French conglomerate, which sacked Gucci designer Sabato de Sarno last week as part of its efforts to revive the label, ...
Paris-listed Kering said it would sell 60 per ... It has also struggled to improve performance at Gucci, its biggest brand that accounts for half of group sales and two-thirds of profits.
OPENING ACT: The couture season is in full swing in Paris, but Milan has already moved on and is looking ... Italian fashion chamber’s press conference is slated for Feb. 5 — Gucci has already ...
Owner of luxury bands Gucci, Saint Laurent—Kering SA reached a deal to sell a 60% stake in three prestigious Paris properties to French private equity firm Ardian SAS for €837 million (~$862 ...
As Sabato De Sarno’s exit from the Italian house triggers an avalanche of rumours about his successor, we lay out the key ...
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