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KERING LUXURY GOODS
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...- 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...
- 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...
- European shares set for eighth weekly gain; Hermes jumps after strong earningsEuropean shares took a breather on Friday and were on track for their eighth straight week of gains, while luxury stocks jumped after robus...
- 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...
- Luxury titans lose $58 billion as pandemic era splurge endsFrance's wealthiest luxury and cosmetics moguls, including Bernard Arnault and Francoise Bettencourt Meyers, have seen their fortunes shrin...
- European luxury companies' $240 billion rout is just the beginningOnce seen as Europe's answer to the US "Magnificent Seven" tech megacaps, shares in companies producing high-end clothing, handbags and jew...
- 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...
- European shares gain on boost from Kering; UK stocks shineEuropean shares saw gains as Kering shares rose on management changes and London stocks increased on faster-than-anticipated British inflat...
- Luxury sector eyes reopening of ChinaThe world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profi...
- Strong earnings boost European shares amid Ukraine concernsThe pan-European STOXX 600 index gained 0.2% by 0813 GMT. France's CAC 40 added 0.6%, Germany's DAX climbed 0.3%, while UK's FTSE 100 slipp...
- LVMH shares rise after fashion group reports solid fourth-quarter resultsLVMH shares were up 1.3% in early session trading, among the top performers on France's benchmark CAC-40 equity index, and also lifting the...
- Gucci joins Alibaba's luxury e-commerce site to woo Chinese consumersFashion label Gucci will open two flagship stores on Alibaba's online luxury shopping platform, underscoring the importance of the Chinese ...
- European shares edge higher, luxury stocks hit by weak resultsThe pan-European STOXX 600 rose 0.3% by 0719 GMT, while the German DAX gained 0.5% and London's FTSE 100 was up 0.6%.
- Are Gucci, LVMH's donations to rebuild Notre-Dame part of a brand-building exercise?The big groups are already involved in art and restoration.
- Attention, fashion Nazis! Alexander McQueen, Yves Saint Laurent are coming to IndiaThe first of these stores is likely to come up at DLF’s Chanakya mall in Delhi.
- $82 bn of sales at stake: Costly battle looms as luxe firms fight online pricey fakesIt took luxury-goods makers about a decade to realise that the Internet represented an opportunity. Now, they're finally figuring out it's ...
- 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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