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Kering

Kering shareholders approve three new board members

by David Johnson
Kering shareholders approve three new board members

By Reuters API Published Apr 25, 2024 Shareholders of French luxury group Kering approved three new appointments to the board on Thursday, after the departure of members including long-time executive …

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Spanish beauty billionaires seek IPO to ward off succession drama

by Lionel Rogers
Spanish beauty billionaires seek IPO to ward off succession drama

By Bloomberg Published Apr 25, 2024 Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince …

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Hermes defies luxury slowdown with sales jump in china

by Lionel Rogers
Hermes defies luxury slowdown with sales jump in china

By Bloomberg Published Apr 25, 2024 Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for …

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A difficult start to the year worldwide, except in Japan and the Middle East

by Lionel Rogers
A difficult start to the year worldwide, except in Japan and the Middle East

The first quarter of 2024 has reshaped the geography of Kering’s outlets. Over the period, traffic in the shops of its main houses, and in particular those of its flagship …

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Kering shares drop after Gucci slump prompts profit warning

by Lionel Rogers
Kering shares drop after Gucci slump prompts profit warning

By Bloomberg Published Apr 24, 2024 Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at …

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Prada and Miu Miu get a boost from China as rival Gucci struggles

by Lionel Rogers
Prada and Miu Miu get a boost from China as rival Gucci struggles

By Bloomberg Published Apr 24, 2024 Prada SpA’s sales jumped as the Italian fashion group, which also owns Miu Miu, continues to outperform its biggest rivals. See catwalkPrada – Fall-Winter2024 …

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Kering warns profit to tumble following Gucci woes in China

by Lionel Rogers
Kering warns profit to tumble following Gucci woes in China

By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci …

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Tapestry-Capri and pricey purses are the wrong targets for trustbusters

by David Johnson
Tapestry-Capri and pricey purses are the wrong targets for trustbusters

By Bloomberg Published Apr 23, 2024 It’s handbags at dawn over Tapestry Inc.’s $8.5 billion takeover bid  for rival Capri Holdings Ltd.The US Federal Trade Commission on Monday filed suit to …

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Valentino sees sales fall in 2023

by Lionel Rogers
Valentino sees sales fall in 2023

Hit by the crisis of the luxury goods market, Valentino ended 2023 on a low note. As the Roman luxury label prepares to start a new chapter with the arrival …

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Billionaire Pinaults fight to pull Gucci off the discount rack

by Lionel Rogers
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 …

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