A U.S. class-action lawsuit against Gucci claims exotic animals were abused for their skins and customers were deceived that its leather was ethically sourced.
Tag Archives: Gucci
Gucci’s Transformation Has Begun, Despite A 20% Drop In Sales
While Gucci’s sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth.
Study In Contrasts: Kering And Gucci Go Down And LVMH Is Up, Up, Up
The French luxury conglomerate Kering, number two in the global luxury market, just issued a rare warning that first-quarter revenues are expected to decline 10% from last year’s $5.5 billion (€5.1 billion) and projects its flagship brand Gucci to be off nearly 20%, down from $2.8 billion (€2.6 billion).Kering cites particular weakness in the Asia-Pacific […]
Luxury Outlet Stores Are Booming, But Brands Take Risks Putting Goods On Sale
Gucci is celebrating the 70th anniversary of its iconic Horsebit hardware motif, introduced first on men’s loafers in 1953. It tapped the brand archives to host a museum exhibition at Milan Men’s Fashion Week this summer and recruited NewJeans’ Hanni, Halle Bailey, and Julia Garner as the face of a new campaign supporting the Horsebit […]
Kering’s Plan To Restore Gucci To Former Glory: Will It Work?
Kering, owner of Gucci, Yves Saint Laurent, Bottega Veneta, Balenciaga, and Alexander McQueen brands and the world’s second-largest luxury conglomerate after LVMH, reported very depressing results for the third quarter of 2023. With a 13% reported decline overall and a 9% comparable shortfall, revenues for the group dropped from $5.4 billion last year to $4.7 […]
