Gucci sales plunged as shoppers turned away from Kering’s largest brand that’s undergoing a second design revamp in three ...

Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.

Gucci owner Kering , reported on Tuesday a 15% drop in quarterly revenues, falling short of market expectations, with its ...

The French luxury group on Tuesday booked revenue of $4.29 billion for the second quarter, 18% lower than in the prior-year ...

Kering, the owner of Gucci, on Tuesday reported lower second-quarter financial returns than what was expected, pointing to ...

Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled ...

About 1,000 unionized Gucci employees are threatening to strike over unpaid welfare bonuses promised by parent company Kering ...

Employees at fashion house Gucci in Italy are threatening strike action, accusing the Kering-owned brand of denying them a ...

Kering SA is set to award a €20 million ($22.8 million) sign-on bonus to Luca de Meo when he takes over as chief executive ...

Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.

Kering shares plunge as Gucci slowdown seen hitting profits by up to 45% By Louis Goss Follow Last Updated: April 24, 2024, 5:07 a.m. ET First Published: April 24, 2024, 4:37 a.m. ET ...

The French luxury-goods group said it booked revenue of €9.02 billion, down 11% both as reported and on a comparable basis compared with the year-earlier period.