World Footwear


Kering expects H1 recurring operating income to decline by 40-45%

Apr 25, 2024 / France
The French-based luxury giant expects its first half operating profit to plummet by 40% to 45%, after reporting a 10% year-over-year fall in sales, largely due to the weak performance of Gucci

New deputy CEO for Gucci

Apr 12, 2024 / Italy
Kering, the French-based luxury group that owns Gucci, has appointed Stefano as deputy chief executive officer of the Italian house. The move comes amid efforts to revive Gucci

Alessandro Michele named creative director of Valentino

Apr 1, 2024 / Italy
The Italy-based Maison has appointed Alessandro Michele as Creative Director, as of the 2nd of April. The news ends months of speculation as to where Michele would re-emerge after he left Gucci

Kering warns of a 20% slump in Gucci sales for the first quarter

Mar 20, 2024 / France
The French-based luxury group has issued a preliminary statement for the first quarter, warning of a 10% drop in sales, led by its star house Gucci

Kering’s revenue declines after trying 2023

Feb 8, 2024 / France
The French-based luxury group has reported a 4% year-on-year decline in revenue in 2023, driven by weak performances of all its main Houses. Fourth quarter also disappointed

Kering posts revenue decline

Oct 26, 2023 / France
The French-based luxury group posted a 13% revenue decline in the third quarter of 2023, as compared to the same period of last year, due to weak performances at all of its main Houses

Alessio Vannetti is the new Chief Brand Officer of Gucci

Sep 4, 2023 / Italy
The changes continue at Gucci. The Italian luxury brand has announced the return of Alessio Vannetti as Executive Vice President and Chief Brand Officer as of today

Kering buys a 30% stake in Valentino and announces first half results

Jul 28, 2023 / France
The owner of Gucci will take a 30% stake in Valentino for 1.7 billion euros, with an option to buy 100% of the Italian brand's capital until 2028. Meanwhile, Kering's first half results disappoint

Gucci CEO Marco Bizzarri to step down

Jul 19, 2023 / France
Kering has announced the impending departure of Gucci's CEO as part of a wider executive shakeup that includes the naming of Saint Laurent CEO Francesca Bellettini to lead the group's portfolio of brands

Gucci and Burberry join platform that aims to promote smart consumption

Apr 18, 2023 / United Kingdom
The two luxury brands have joined a new platform launched by the tech start-up Labell-D that aims to help consumers protect the value of their luxury products through validated pricing

Gucci launches new deadstock and resale programmes

Mar 30, 2023 / Italy
The luxury House has launched the initiatives Gucci Preloved with Vestiaire Collective and Gucci Continuum, featuring redesigned deadstock materials, as part of its ongoing circularity efforts

Kering fourth quarter sales declined by 7%

Feb 16, 2023 / France
The weak performance of Gucci in the last quarter of 2022 (sales down by 15% year-over-year) due to the situation in China impacted Kering’s performance in the quarter. But the group’s full year revenue still grew by 9%

Sabato De Sarno is Gucci's new Creative Director

Jan 30, 2023 / France
The French-based Kering has announced that Sabato De Sarno, currently the fashion director of men's and women's ready-to-wear at Valentino, will assume the role of Creative Director of Gucci

Gucci's Creative Director Alessandro Michele steps down

Nov 24, 2022 / Italy
The Italian-based luxury House has announced that the Rome-born designer is stepping down as Creative Director, effective immediately, after almost eight years in the job

Kering posts revenue growth

Oct 25, 2022 / France
The French-based luxury group continued to grow in the third quarter of the year, led by the "stellar" performance of Yves Saint Laurent. Gucci still hit by COVID-19-related restrictions in China
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