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While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth. The French giant, controlled by billionaire François-Henri Pinault, expects first .
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While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth. The French giant, controlled by billionaire François-Henri Pinault, expects first-quarter sales down 10 per cent — compared to consensus expectations of a 3 per cent fall — . Gucci's growth under Alessandro Michele was unsustainable. Its new designer now faces a struggle to reenergize the Kering luxury fashion brand.
Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and . Gucci sales fell as Kering SA’s biggest brand grappled with the twin challenges of a luxury goods slowdown and internal tumult, which is set to weigh on the label’s profitability .
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining . French luxury group Kering failed to arrest a slide in sales in the fourth quarter, underlining the pressure on the company to revive the fortunes of its flagship Gucci brand. Gucci owner Kering says that the luxury goods downturn will continue this year, after a “trying” 2023. Revenue fell by 4% to €19.6 billion, as appetite for expensive clothes and .
A worsening performance at Gucci is expected to drag parent company Kering’s comparable sales down by 10 per cent year-on-year in the first quarter, the luxury . Kering said net profits dropped 50 per cent in the first half of 2024, while sales fell 11 per cent to €9 billion, as star brand Gucci continues to slip. Second-quarter sales for Gucci . While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth. The French giant, controlled by billionaire François-Henri Pinault, expects first-quarter sales down 10 per cent — compared to consensus expectations of a 3 per cent fall — .
Gucci's growth under Alessandro Michele was unsustainable. Its new designer now faces a struggle to reenergize the Kering luxury fashion brand.Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and . Gucci sales fell as Kering SA’s biggest brand grappled with the twin challenges of a luxury goods slowdown and internal tumult, which is set to weigh on the label’s profitability . Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining .
French luxury group Kering failed to arrest a slide in sales in the fourth quarter, underlining the pressure on the company to revive the fortunes of its flagship Gucci brand. Gucci owner Kering says that the luxury goods downturn will continue this year, after a “trying” 2023. Revenue fell by 4% to €19.6 billion, as appetite for expensive clothes and . A worsening performance at Gucci is expected to drag parent company Kering’s comparable sales down by 10 per cent year-on-year in the first quarter, the luxury .
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