On February 11, French luxury conglomerate Kering released its Q4 2024 financial results, reporting revenue of $4.5 billion (€4.39 billion), a 12% decline year-over-year.
Tag: GUCCI
On February 6, luxury fashion house Gucci announced the end of its collaboration with Creative Director Sabato De Sarno.
Kering, a leading conglomerate in the luxury industry, is moving forward with plans to bring in external investors for a new entity that will manage approximately €4 billion ($4.2 billion) worth of real estate assets spread across Milan, New York, and Paris.
On October 23, French luxury conglomerate Kering announced that its third-quarter revenue amounted to €3.78 billion (approximately $4.08 billion), a 16% decline compared to the same period last year.
On October 21, Italian luxury brand Gucci officially announced that it will hold its 2026 Cruise Collection in Florence.
On October 8, the French luxury group Kering announced that Stefano Cantino would be appointed CEO of Gucci, effective January 1, 2025.
On April 23, Kering, one of France’s giant luxury conglomerates, announced that it expects a 40%-45% decline in operating income for the first half of the year, following a drop in first-quarter sales for its flagship Gucci brand.
On April 2, Reuters revealed that Marco Bizzarri, former CEO of Gucci, has established a new investment firm.
On January 12, Milan Fashion Week Men’s Fall/Winter 2024 opened with the unveiling of Creative Director Sabato De Sarno’s first Gucci men’s collection.
Italian fashion house GUCCI and its parent company Kering have announced the appointment of Italian designer Sabato de Sarno as their new creative director, succeeding Alessandro Michele.