Kering warns of profit plunge as Gucci turnaround sputters
By Bloomberg Published Jul 24, 2024 Kering SA warned that its profit is set to tumble in the second half of the year as luxury demand cools and turnaround efforts …
François-Henri Pinault
Fashion Pact names Óscar García Maceiras of Inditex as steering committee co-chair
Translated by Nicola Mira Published Jun 11, 2024 A fast-fashion giant has replaced another at the head of Fashion Pact. The consortium’s former co-chair, Helena Helmersson, was ousted as CEO …
Laurent Claquin appointed as new brand manager
Kering wants to strengthen its global visibility and control its image. To this end, the French luxury group chaired by François-Henri Pinault has announced the creation of the role of …
Brands increasingly keen on large spaces in Europe’s key arteries
Translated by Cassidy STEPHENS Published May 14, 2024 Physical shops are more popular than ever. This is reflected in the luxury industry’s retail strategies. To attract and retain customers, as …
Giambattista Valli on his timeless bridal collection unveiled at BBFW
Translated by Roberta HERRERA Published Apr 27, 2024 Shortly after his debut bridal runway show, Giambattista Valli found solace in one of the upper chambers of Barcelona’s historic Llotja del …
Billionaire Pinaults fight to pull Gucci off the discount rack
By Bloomberg Published Apr 23, 2024 On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green …
Revitalizing Gucci: Kering’s paramount endeavor
By AFP Translated by Roberta HERRERA Published Apr 11, 2024 Gucci has long served as the powerhouse driving the luxury conglomerate Kering forward. Yet, sales of the esteemed Italian brand …
Gucci recruits its new deputy CEO from Louis Vuitton
Translated by Cassidy STEPHENS Published Apr 11, 2024 In the midst of its repositioning, Gucci has announced a new key appointment to complete its front-line management team. Kering’s flagship label …
Billionaire Pinault family reveals succession path at Christie’s
By Bloomberg Published Apr 4, 2024 The Pinault family behind one of France’s biggest luxury fortunes has elevated a third-generation descendant to one of its prominent businesses, naming one of …
Gucci owner splashes out €1.3 billion for building on Milan’s iconic shopping street
By Bloomberg Published Apr 4, 2024 Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street. Via Monte Napoleone 8 The French …