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Renault announced on Sunday its chief executive Luca de Meo is leaving the French carmaker, coinciding with reports from local newspaper Le Figaro that the executive is taking over at embattled luxury firm, Kering. See catwalkGucci – Cruise Collection2026 – Womenswear – Florence – ©Launchmetrics/spotlight “Luca de Meo has expressed his decision to step down […]
Read MoreBy Bloomberg Published May 22, 2025 The billionaire Wertheimer family behind Chanel may forgo a payout from the luxury brand’s most recent earnings cycle in a sign the industry downturn is hitting another of the world’s wealthiest dynasties. See catwalkChanel – Cruise Collection2026 – Womenswear – Milan – ©Launchmetrics/spotlight London-based Chanel didn’t pay an interim […]
Read MoreTranslated by Roberta HERRERA Published May 7, 2025 The executive reshuffle continues at Kering. The group has announced changes at the helm of two of its houses: Federico Arrigoni, deputy CEO of Saint Laurent, will take over as CEO of Brioni, while Mehdi Benabadji, who has led Brioni since 2020, will move to Ginori 1735. […]
Read MoreBy AFP Published April 24, 2025 Kering held its annual general meeting (AGM) on Thursday, April 25, at the group’s Paris headquarters, one day after reporting a 14% decline in first-quarter revenue, largely driven by a 25% sales drop at Gucci. With its share price falling over 6% on Thursday morning to €163.80, the group […]
Read MoreBy Reuters Published April 23, 2025 The crisis at Kering‘s flagship Gucci label deepened in the first quarter, the company said on Wednesday as it reported sales below market expectations amid a worsening economic environment. See catwalkGucci – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Kering’s results, marked by a 14% […]
Read MoreTranslated by Roberta HERRERA Published Feb 12, 2024 Upon the release of its annual results, Kering revisited its new managerial structure, providing more clarity. Last summer, the French luxury group announced the departure of Marco Bizzarri, Gucci‘s CEO since 2015, and his replacement “for a transitional period” by Jean-François Palus, the company’s former deputy CEO […]
Read MoreTranslated by Roberta HERRERA Published Feb 9, 2024 Since the start of the decade, the luxury group Kering has made significant strides in real estate acquisitions, investing hundreds of millions of euros annually. Notable among these acquisitions are the future Gucci flagship on rue de Castiglione in Paris, slated to open its doors in 2026, […]
Read MoreOn 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 […]
Read MoreBy 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 – […]
Read MoreTranslated by Roberta HERRERA Published Jan 25, 2024 The 2024 Hyères Festival promises to be highly international and exceptionally exciting. Indeed, this year’s competition for emerging talent has decided to entrust the chairmanship of its various juries to three of the most influential figures in the fashion and photography scene. Specifically, Nicola Di Felice for […]
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