Kering Facing Drop in US Consumption, CEO says Kering, the luxury fashion conglomerate and owner of renowned brands like Gucci, Balenciaga, and Saint Laurent, is currently navigating through a challenging period as the company grapples with a significant decrease in consumption in the United States. The chief executive of Kering, Francois-Henri Pinault, recently highlighted the […]
Balenciaga Names Nathalie Raynaud Deputy CEO
Balenciaga Names Nathalie Raynaud Deputy CEO Balenciaga, the renowned fashion house under the Kering umbrella, is making waves in the industry once again with the announcement of Nathalie Raynaud as its new Deputy CEO. This strategic move comes as the brand gears up to embark on a new chapter under a fresh designer, signaling a […]
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs Lab-grown leather has been making waves in the fashion industry due to its sustainable and cruelty-free nature. In a significant development, Faircraft, a promising startup in this sector, has recently acquired VitroLabs, a company backed by the luxury giant Kering. This acquisition marks a pivotal moment in the […]
Will Gucci’s Demna Strategy Work?
Will Gucci’s Demna Strategy Work? When Kering, the luxury fashion conglomerate, announced its decision to appoint Demna Gvasalia, the creative genius behind Balenciaga, as the new creative director of Gucci, the fashion world was sent into a frenzy. The move was seen as a bold and risky strategy by many, considering Gucci’s status as one […]
Kering Shares Plunge 12% After Gucci’s Demna Appointment
Kering Shares Plunge 12% After Gucci’s Demna Appointment Kering, the renowned luxury goods company, recently experienced a significant setback as its shares plummeted by 12% following the announcement of Demna Gvasalia’s appointment as the new creative director of Gucci. This unexpected news sent shockwaves through the industry and sparked controversy on social media platforms, leading […]
Gucci Sales Slump as Kering Seeks New Designer
Gucci Sales Slump as Kering Seeks New Designer Gucci, the epitome of luxury and style, has hit a bump in the road as its fourth-quarter sales took a significant dip of 24 percent. This unexpected decline has set off alarm bells not only within the iconic Italian brand but also for its parent company, Kering. […]
The Problems with Gucci and Dior
The Challenges Ahead for Gucci and Dior After experiencing a remarkable surge in sales over the past five years, luxury powerhouses LVMH’s Dior and Kering’s Gucci are now encountering significant challenges. Despite their contrasting situations, both brands are navigating through turbulent waters in the ever-competitive fashion industry. Gucci, under the umbrella of Kering, has been […]
This Week: The Super Bowl; Gucci at a Crossroads
This Week: The Super Bowl; Gucci at a Crossroads The anticipation is high as we approach one of the most significant events in American sports – the Super Bowl. Millions of viewers will tune in to watch the showdown between the top NFL teams, eager to see who will emerge victorious in this ultimate display […]
Who Will Lead the House of Gucci?
Who Will Lead the House of Gucci? The fashion world was recently shaken by the unexpected departure of creative director Sabato De Sarno from the prestigious House of Gucci. This sudden exit has left many wondering about the future of one of Kering’s anchor brands and who will step up to fill the creative void […]
Kering Sells Italian Luxury Outlets to Alleviate Debt
Kering Sells Italian Luxury Outlets to Alleviate Debt In a strategic move to alleviate debt and streamline its operations, the French luxury conglomerate Kering has recently announced the sale of its Italian luxury outlets. This decision is expected to bring in a substantial sum of €350 million, further solidifying Kering’s position in the ever-competitive luxury […]