gucci

Gucci can no longer treat China like a ‘trash bin’: Kering CEO

The company, controlled by the Pinault family, has underperformed rivals in recent years, hurt by a drop in the popularity of Gucci’s products amid a broader slowdown in luxury consumption, especially in China.

Gucci sales fall as Kering seeks turnaround under new CEO

On the right, a faux-leather Karl Lagerfeld dress is given an extra pop with satin panels and glimmering fringe embellishments.
STYLE

Horse around with these Chinese New Year style trends

Gucci, currently accounts for roughly half of Kering’s operating profit, down from two-thirds in 2022.

Kering CEO plans ‘House of Dreams’ investment arm to help trim reliance on Gucci

E-commerce sales at Laopu Gold have surged more than 1,000% during the first three quarters of this year compared with two years ago.

Why Chinese shoppers are choosing local luxury over LVMH

The beauty company is offering a two-year floating-rate note, a five-year fixed-rate note and a long 10-year fixed-rate bond.

L’Oréal starts three-part euro bond sale for Kering Beauté deal

More shoppers are seeking out "quiet" or experiential luxury rather than the status that comes with owning designer goods.
BRUNCH

Can Singapore stay at the forefront of the global luxury market?

Kering shares have risen 85% since de Meo’s hire was announced in June.

Kering beats third-quarter forecasts as smaller brands cushion Gucci decline

For Kering’s new chief executive officer Luca de Meo, the sale shores up the company's finances and provides some breathing room until he can get Gucci, his biggest brand, firing on all cylinders.

Kering buys time for Gucci’s revival with beauty unit sale

In a major shift for the family, scion Francois-Henri Pinault relinquished his role earlier this month as Kering CEO after two decades at the helm.

Billionaire Pinault’s family office to cut 7.1 billion euros debt as fortune wanes