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

Luxury hit the brakes in 2023

Premium ContentApr 16, 2024 / World
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand

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

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 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
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