Billionaire Prada clan succession plan bolstered by Versace deal

By Bloomberg Published April 13, 2025 For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses to acquire size and scale to take on sprawling industry behemoths like LVMH and Kering SA and also avoid being gobbled up by them.  See catwalkVersace – Fall-Winter2025 – 2026 – […]

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Former Reliance Brands CEO and managing director Darshan Mehta passes away

Darshan Mehta, former managing director and CEO of Reliance Brands Limited, passed away on April 9 to an outpouring from the retail industry. The executive had joined Reliance Brands at its inception in 2007 and led the company for over 17 years. Darshan Mehta was a well known name in Indian retail – Raghavendra Rao- […]

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Kering’s Gucci can be revived but it won’t go viral

By Bloomberg Published Feb 9, 2024 Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – ©Launchmetrics/spotlight But with the company warning on Thursday that investing in its brands will mean a decline in operating […]

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Kering Beauté focuses on the high-end with Creed and a first fragrance with Bottega Veneta

On the occasion of the publication of its annual results, Kering lifted the veil on the strategy undertaken for its beauty division. Fragrances will be the first category to be developed, positioned in the very high-end segment, with the launch in the second half of 2024 of a first fragrance for Bottega Veneta, followed by […]

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net profit down 17% and sales down 4% in 2023

By AFP Published Feb 8, 2024 Luxury group Kering announced on Thursday that net profit would fall by 17% in 2023, to €2.98 billion, and that sales would fall by 4% to €19.57 billion, as the group restructures its flagship brand Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – […]

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Gucci’s new designer in focus as Kering plots future growth

By Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci‘s new creative director Sabato de Sarno can move the needle on the company’s financial performance when its owner Kering reports full-year earnings on Thursday. Gucci’s sales have lagged rivals such as LVMH-owned Louis Vuitton and Dior in recent years, prompting […]

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Bottega Veneta opens new store in Mumbai’s Jio World Plaza

Italian luxury brand Bottega Veneta has opened an exclusive brand outlet in Mumbai’s Jio World Plaza mall with its India retail partner Reliance Brands Limited. The store houses the label’s leather goods and accessories and is its third in India to date.  Inside Bottega Veneta’s new Mumbai store – Reliance Brands Limited- Facebook “Expanding more […]

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