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 …
Moët Hennessy
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 …
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 …
Armani “doesn’t rule out” merger or IPO in succession plan
By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in …
Arnault says he hopes tensions with China on Lluxury quiet down
By Bloomberg Published Apr 18, 2024 Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris …
Thibault Tétrel appointed new sales director of Kering Beauty
Translated by Cassidy STEPHENS Published Apr 8, 2024 Luxury goods group Kering has appointed Thibault Tétrel, who spent more than twenty years with global beauty giant L’Oréal, as sales director …
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 …
LVMH’s Belloni steps down as no. 2 in luxury group’s reshuffle
By Bloomberg Published Mar 22, 2024 LVMH’s Antonio Belloni is stepping down as the group’s second-in-command amid continued management shakeup at the biggest luxury conglomerate. Stéphane Bianchi – ph Jean-François …
Prada, Miu Miu sales jump as Italian fashion group draws fans
By Bloomberg Published Mar 7, 2024 Prada SpA sales jumped as the Italian group saw strong demand for some of its hippest products, like brushed leather loafers and Miu Miu …