The luxury market is experiencing a significant downturn, with Interbrand reporting a 5% drop in top brand valuations like Louis Vuitton and Gucci in 2025.
Tag Archives: Kering
What The $4.7 Billion Beauty Deal Means For Kering And L’Oréal
In a win/win deal, L’Oréal will acquire Kering Beauté, including the Creed fragrance brand, for $4.7 billion in its largest acquisition to date.
Cyberattacks Ratchet Up Against Luxury Brands: Kering Is The Latest Victim
French luxury conglomerate Kering, parent of Gucci, Saint Laurent and Balenciaga, confirmed a data breach that puts millions of customer records at risk.
Gucci Makes Critical Creative Decision After Revenues Plunge 21% in 2024
With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to restore Gucci to luxury greatness.
More Trouble For Gucci: Lawsuit Claims Unethical Animal Treatment In Supply Chain
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.
