A Letter to Kering’s New CEO Dear Luca De Meo, As you step into your new role as the chief executive of Kering, a luxury powerhouse known for its iconic brands like Gucci, Saint Laurent, and Bottega Veneta, the spotlight is on you to navigate the company through the challenges that lie ahead. With the […]
Kering Shares Rise as Market Looks Ahead
Kering Shares Rise as Market Looks Ahead Investors in Kering, the renowned luxury goods company, have recently demonstrated optimism as the market shifts its focus towards the future under the leadership of new CEO Luca De Meo. Despite facing another weak quarter, shareholders are choosing to look past the current challenges and instead concentrate on […]
Kering Woes Continue as Gucci Sales Plunge 25%
Kering Woes Continue as Gucci Sales Plunge 25% Luxury fashion conglomerate Kering is facing turbulent times as its renowned brand Gucci experiences a significant setback. Recent reports have revealed a staggering 25% plunge in sales for the fashion house, marking a challenging period for the iconic label. This decline comes as Gucci prepares for its […]
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes Artemis, the holding company of the Pinault family, has recently made headlines with reassuring news amidst concerns over its financial health. Despite a noticeable increase in standalone debt, Artemis has swiftly moved to dispel any notions of financial strain, citing the spike in debt as […]
Qatar-backed Mayhoola denies report it is considering Valentino sale with Kering
Mayhoola Denies Reports of Valentino Sale to Kering: What’s Next for the Fashion House? Mayhoola, the Qatar-backed investment fund, has recently found itself at the center of speculation regarding a potential sale of Valentino to Kering. However, the fund has swiftly moved to deny these reports, leaving many in the fashion industry wondering about the […]
Are Luxury Megabrands Broken?
Are Luxury Megabrands Broken? Luxury megabrands like LVMH, Kering, and Chanel have long been the epitome of sophistication, exclusivity, and success in the fashion world. However, recent simultaneous crises within these giants have raised concerns about the sustainability of the luxury megabrand model. From shifting consumer preferences to global economic challenges, these industry leaders are […]
Balenciaga Cuts Ties With Ye
Balenciaga Cuts Ties With Ye In a surprising turn of events, luxury fashion house Balenciaga, owned by parent company Kering, has officially announced the termination of its relationship with the controversial artist known as Ye. The decision, as communicated by Kering, signifies a definitive end to any existing partnerships and rules out the possibility of […]
‘Transform or Die’: Can a Turnaround Expert Turn Kering Around?
“Transform or Die”: Analyzing the Potential Impact of Luca De Meo as Kering’s New CEO In the fast-paced world of business, the ability to adapt and evolve is often the difference between success and failure. This sentiment rings especially true for luxury fashion conglomerate Kering, which has recently found itself at a critical crossroads. With […]
As Kering’s Fashion Cools, Pomellato Heats Up
As Kering’s Fashion Cools, Pomellato Heats Up The luxury goods market has been facing a slowdown in recent times, with consumers becoming more cautious about their spending habits. However, amidst this challenging landscape, Milanese jeweler Pomellato seems to be defying the odds and emerging as a shining star. While other fashion houses under the Kering […]
Why Kering Picked a Fashion Outsider to Be Its Next CEO
Why Kering Picked a Fashion Outsider to Be Its Next CEO In a bold move that has surprised many in the fashion industry, Kering, the luxury conglomerate behind iconic brands such as Gucci and Saint Laurent, has announced its decision to appoint Luca de Meo as its next CEO. What makes this decision particularly noteworthy […]