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Kering

Ralph Lauren revenue rises 1% on stable demand in Europe, China

by David Johnson
Ralph Lauren revenue rises 1% on stable demand in Europe, China

By Reuters Published Aug 7, 2024 Ralph Lauren Corp posted a rise in quarterly revenue on Wednesday, benefiting from steady demand for its pricey denims and polo shirts in Europe …

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Kering warns of profit plunge as Gucci turnaround sputters

by Lionel Rogers
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 …

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LVMH shows the luxury sector is in pain

by Lionel Rogers
LVMH shows the luxury sector is in pain

By Bloomberg Published Jul 24, 2024 We’re all drinking less champagne as the world becomes a scarier place. That was the message from LVMH Moet Hennessy Louis Vuitton SE. It underlines …

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LVMH shares slump 6% after missing Q2 estimates

by Lionel Rogers
LVMH shares slump 6% after missing Q2 estimates

By Reuters Published Jul 24, 2024 Shares in French luxury giant LVMH fell more than 6% on Wednesday and were on track for their biggest one-day drop since October 2023 …

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LVMH sales miss estimates as Chinese market slows

by David Johnson
LVMH sales miss estimates as Chinese market slows

By Reuters Published Jul 24, 2024 LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western …

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Luxury group in sights of LVMH’S Arnault?

by Lionel Rogers
Luxury group in sights of LVMH’S Arnault?

By AFP Published Jul 17, 2024 The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South …

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Bottega Veneta names Barbara Zanin head of crafts and heritage

by David Johnson
Bottega Veneta names Barbara Zanin head of crafts and heritage

Translated by Nicola Mira Published Jul 19, 2024 Bottega Veneta is putting the accent on its products’ craftsmanship. The Italian label owned by the Kering group, renowned for its leather …

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New Burberry chief faces tough choices on high-end ambitions

by David Johnson
New Burberry chief faces tough choices on high-end ambitions

By Reuters Published Jul 20, 2024 Burberry’s new boss Joshua Schulman faces an immediate strategy dilemma. On Monday, the former head of Coach was appointed to replace Jonathan Akeroyd, becoming the fourth CEO …

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Kering’s Caring for Women Dinner is Returning to New York This Fall

by Lionel Rogers
Kering’s Caring for Women Dinner is Returning to New York This Fall

The Kering Foundation is bringing its Caring for Women dinner back to New York Fashion Week for a third year. This year’s dinner is set to take place on Sept. …

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Café Ginori opens at Bergdorf Goodman in Manhattan

by Lionel Rogers
Café Ginori opens at Bergdorf Goodman in Manhattan

Ginori 1735 and Bergdorf Goodman on Thursday announced the opening of Café Ginori at the luxury department store’s Manhattan location.  Courtesy Reflecting Ginori 1735 flagship boutiques, the new Café Ginori incorporates …

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