The Business Times

gucci

Wealth & Investing

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

French luxury group Kering has named its deputy CEO Francesca Bellettini as CEO of its subsidiary brand Gucci.
Consumer & Healthcare

Troubled Gucci gets new CEO as Luca de Meo takes over Kering

The attack appears to be part of a wider phenomenon affecting luxury brands and retailers this year.
Consumer & Healthcare

Hackers steal client data from Kering’s Gucci, Balenciaga and McQueen: report

Valentino underwent management and design changes over the past 18 months amid a downturn in demand for high-end fashion.
Consumer & Healthcare

Gucci owner Kering gets more time to buy the rest of Valentino

Gucci remains the prize in Kering’s stable of brands, generating 44 per cent of its sales and roughly two-thirds of its operating profit.
Companies & Markets

Gucci owner Kering posts 46% profit slump before new CEO arrives

De Meo, 58, spent five years leading the French carmaker, after earlier roles at Fiat and Volkswagen.
Consumer & Healthcare

Gucci owner Kering turns to Renault CEO in turnaround bid

Under pressure after a string of profit warnings linked to the troubles at Gucci, Kering shares have lost over 60 per cent since March 2024.
Consumer & Healthcare

Kering sales drop more than expected in first quarter as Gucci crisis deepens

Revenue at Gucci fell 24 per cent on a comparable basis in the fourth quarter, Kering said.
Consumer & Healthcare

Gucci sales tumble as Kering turnaround fails to take shape

Kering has remained largely dependent on Gucci, whose success in the cutthroat fashion industry has ebbed and flowed over the years.
International

Luxury billionaire Francois Pinault crashes out of the global 100 richest

Comparable sales at Gucci, which makes up the bulk of Kering’s profit, slumped 25 per cent in the third quarter from a year earlier.
Consumer & Healthcare

Kering warns of lowest profit since 2016 as Gucci suffers

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