Gucci
Kering posts revenue decline
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
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
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
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
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
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%
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
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
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
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
Gucci appoints new CEO of its Vault and Metaverse Ventures
The luxury House has named Robert Triefus as CEO of Gucci Vault and Metaverse Ventures, the newly created division designed to scale and expand the brand's metaverse and gaming strategies
Kering reports strong performance
Despite the global macro uncertainty, the French-based group posted a solid sales growth in the first half of 2022 in each of its Houses. Yves Saint Laurent’s performance reached “new highs”
Gucci partners with Ellen MacArthur Foundation
The Italian-based fashion House announced that it became a strategic partner of the Ellen MacArthur Foundation to accelerate its commitments towards a more circular economy
Kering reports solid performance
The French-based luxury group posted solid growth in the first quarter of 2022. However, COVID-19 restrictions in China since March have weighed down on results, especially Gucci’s-
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