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Gucci Sales Plunge 25% as Kering Struggles to Regain Momentum
Kering, the French luxury group behind Gucci, Saint Laurent, Bottega Veneta, and Balenciaga, delivered another sobering earnings update in Q2. Group revenues fell 15% year-on-year to €3.7 billion, while operating income dropped 39% to €969 million. But the headline figure came from Gucci itself, sales slumped 25% to €1.46 billion, making it the most significant drag on Kering’s…
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Why Gucci Chose Demna as Its New Creative Director
In a strategic move that has sent ripples through the fashion industry, Gucci has appointed Demna as its new creative director. This decision represents a pivotal moment for the luxury fashion house, as it aims to redefine its creative energy, modernize its approach, and reclaim its influence in an increasingly competitive market. Gucci’s decision to…
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Shock Exit at Gucci: Sabato De Sarno Throws in the Towel – What’s Next for the Glamour Giant?
In a move that’s sent shockwaves around the globe, Sabato De Sarno has dramatically stepped down as Gucci’s Creative Director, leaving the fashion industry in disarray and the world’s fashionistas clutching their pearls. This follows Kim Jones who departed from Dior just last week. De Sarno, who was meant to be Gucci’s renaissance man after…
