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KERING GUCCI
A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...- Gucci-owner Kering aims to launch luxury Google glasses next year: CEOGucci is set to launch smart glasses with Google next year. This move marks a significant entry into AI-powered eyewear. The brand aims to ...
- Luxury goods company Kering and Ardian finalise New York property dealGucci owner Kering and private equity firm Ardian said on Tuesday they had completed a joint venture agreement for a New York property deal...
- L'Oreal eyeing stake in Armani after acquiring Kering's beauty armFrench cosmetics giant L'Oreal is eyeing a stake in Italian luxury brand Armani. This interest follows the late founder Giorgio Armani's wi...
- Gucci owner sells beauty unit to L'Oreal for $4.7 billionIn a bold strategic shift, Kering, the parent company of Gucci, has decided to offload its beauty division to L'Oreal for a hefty $4.7 bill...
- Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debtGucci owner Kering is selling its beauty division to L'Oreal for 4 billion euros. This major deal includes the fragrance brand Creed and lo...
- European Commission fines Gucci, Chloé and Loewe $183 million for price interferenceThe European Commission has fined Gucci, Chloé, and Loewe over 157 million euros for anti-competitive pricing practices that restricted ind...
- Maverick Georgian designer Demna debuts for Gucci in MilanDemna is set to debut for Gucci at Milan Fashion Week. He takes over after a decade at Balenciaga. The collection, "La Famiglia," humorousl...
- Who is Luca de Meo, reported to be Kering's new CEO?Luca de Meo may become the new CEO of Kering. He is currently the CEO of Renault. Kering owns Gucci and other luxury brands. De Meo has exp...
- Renault boss De Meo quits; report says he will head Gucci-owner KeringLuca de Meo, the Renault CEO, is departing. He might head to Kering, the owner of Gucci. De Meo successfully turned around Renault. He over...
- Gucci's India manager Nader Wassel steps down; move comes amid parent co Kering, hit by falling salesGucci's India head, Nader Wassel, has resigned amid restructuring by parent company Kering. The brand saw a 22% drop in profit in FY24, des...
- Kering Q1 Results: Gucci-owner posts 10% drop in sales on sluggish Chinese demandThe group said its first half operating profit would be "sharply lower" due to the revenue decline and its ongoing investment in its brands...
- Gucci’s China shock reverberates across the luxury landscapeFears of a slowdown in luxury spending among Chinese consumers have been growing for some time, and recent events have underscored this con...
- Gucci's new designer Sabato De Sarno unveils minimalist glamour in debut collection at MilanGucci's new designer, Sabato De Sarno, showcased a minimalist collection in his highly anticipated debut fashion show. The collection featu...
- Gucci's offices in Italy raided in EU antitrust probeThe European Commission, which runs the EU's powerful antitrust authority, is looking into allegations the companies had violated the bloc'...
- Alessandro Michele steps down as Gucci creative director, bringing an end to his 8-year tenureMichele cited "different perspectives'' as the reason for his departure, without elaborating.
- Gucci heirs appeal to Ridley Scott to respect family's legacy in upcoming flick starring Lady Gaga'The House of Gucci' is based on a book about the 1995 murder of Gucci's grandchild, Maurizio.
- Paris billionaire rivalry fuels pursuit of Tiffany, MonclerThe rivalry, more than two decades in the making, has defined the modern luxury industry and shows no signs of ending. Since 2001, when Ker...
- Alibaba cooperates with Kering after fakes suit withdrawnAlibaba is cooperating with Kering to stem the sale of fake products after the Gucci maker withdrew a lawsuit that alleged Alibaba was part...
- Gucci owner Kering may acquire sports brandsAny deal will hinge on Kering’s ability to reverse the fortunes of Puma, Europe’s second-largest sporting-goods maker, which has been under...
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