[ad_1] Translated by Nicola Mira Published Feb 12, 2024 French sportswear brand Lacoste has recently appointed a new executive vice-president finance, Philippe Gautier, who was recently CFO and COO at beauty and wellness website Waldencast. Gautier has a track record of over 30 years in finance, most of which he spent at fashion and luxury […]
Read More[ad_1] Translated 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 […]
Read More[ad_1] By Bloomberg Published Feb 12, 2024 Driving-shoe maker Tod’s SpA always looked like a private company, what with the Italian Della Valle family having a majority. Now it soon might be. The founding family is teaming up with L Catterton, the private equity firm backed by LVMH, to buy out the remaining shares, valuing the company at […]
Read More[ad_1] 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 […]
Read More[ad_1] By AFP Published Feb 9, 2024 French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The group reported […]
Read More[ad_1] Translated 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 […]
Read More[ad_1] 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 […]
Read More[ad_1] 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 […]
Read More[ad_1] 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, […]
Read More[ad_1] Translated by Nicola Mira Published Feb 6, 2024 Gucci is heading for London again, having previously staged a runway show at Westminster Abbey in 2016. The Kering-owned Italian luxury label has decided to present its next cruise collection in Europe, after doing so in Seoul last year. Gucci will show its Spring 2025 pre-collection […]
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