World Footwear


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 finalises the acquisition of a 30% stake in Valentino

Dec 6, 2023 / France
The French-based luxury group announced that it has completed the acquisition of a 30% shareholding in Valentino, following approval from the antitrust authorities

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

Bottega Veneta is launching an academy to preserve craftsmanship

Oct 19, 2023 / Italy
The Kering-owned Italian label is establishing the Accademia Labor et Ingenium, a school that reinforces its commitment to supporting and developing artisanal craftsmanship

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

Bottega Veneta opens a new footwear factory

Jun 29, 2023 / Italy
The Italian label, owned by the luxury group Kering, has opened a new footwear atelier in Vigonza, in the footwear district of Riviera del Brenta, located in the Veneto region

Kering unveils new Italian headquarters in the centre of Milan

May 30, 2023 / Italy
The luxury group will be the sole occupant of the six-floor Palazzo Pertusati, located in the central Via Senato, with views towards the quadrilatero della moda on one side, and the Giardini di Porta Venezia on the other

Kering posts mixed first quarter performance

Apr 27, 2023 / France
The French-based luxury group posted a 1% year-over-year marginal revenue growth in the first quarter of 2023, with Gucci slightly recovering from a 14% revenue decline in the fourth quarter of 2022

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 sets new GHG emissions reduction target

Mar 23, 2023 / France
The French-based luxury group has announced a commitment to reduce its absolute greenhouse gas emissions (GHG) by 40% by 2035, covering scopes 1, 2 and 3 of the GHG protocol

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
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