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.
Tag Archives: Kering
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.
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 […]
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 […]
