Hosted on MSN10mon
Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up.
The brand, which has more than two dozen stores in China, opened a new flagship store in Shanghai last year. Gucci is also in the middle of a big transition under designer Sabato de Sarno ...
Wall Street Journal1mon
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts
Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a turnaround plan for its core brand. Some luxury groups have pointed to signs ...
Digital Journal1mon
Gucci owner Kering’s annual profit plunges
Despite a drop in earnings, shares in Gucci's parent company jumped as the results were not as bad as feared - Copyright AFP/File Alberto PIZZOLI Despite a drop in ...
Morningstar1mon
Gucci Owner Kering Posts Revenue Slump Amid Brand Revamp Efforts — 2nd Update
Kering's revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a turnaround plan for its core brand. Some luxury groups have pointed to signs ...
Marietta Daily Journal1mon
Gucci owner Kering's annual profit plunges
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house. Its share ...