In a report on Kering's investment grade credit rating, S&P analysts highlighted weakening consumer demand for the French ...

The medals were designed by French jeweler Chaumet, which LVMH, a luxury goods giant, owns. Though the French mint produced ...

Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it tries to revive its flagship brand, Gucci.

The French luxury group on Tuesday booked revenue of $4.29 billion for the second quarter, 18% lower than in the prior-year ...

Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled and performance across the rest of the group has also deteriorated amid a ...

Gucci sales plunged 24% annually in the fourth quarter to 1.92 billion euros, Kering reported last month, amid a broader 12% fall in group revenues.

Sales at Gucci, Kering’s flagship brand, slumped 25% to 1.57 billion euros, below a Visible Alpha estimate of 1.63 billion euros.

Kering's biggest brand Gucci saw its second-quarter sales fall most sharply, in posting a 20% drop to EUR2 billion, as the luxury firm's second-biggest selling brand, Yves Saint Laurent, also saw ...

Kering warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia. REUTERS The label is undergoing a design overhaul under the creative direction of ...

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 Asia transactions.

Kering reported last month that recurring operating profit fell 15 percent to 4.75 billion euros in 2023, and it expects another decline this year, particularly in the first half.

Gucci-owner Kering is in talks with a member of the Qatari royal family for the sale of a building in Milan's top shopping avenue, Italian daily Corriere della Sera reported on Saturday.