Kering shares drop after Gucci slump prompts profit warning
By Bloomberg Published Apr 24, 2024 Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at …
Luca Solca
Billionaire Pinaults fight to pull Gucci off the discount rack
By Bloomberg Published Apr 23, 2024 On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green …
China’s tepid rebound has left luxury shops relying on US demand
By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up …
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 …
Swiss watchmaker says it’s time to make luxury sustainable
By AFP Published Feb 6, 2024 Vegetal leather and recycled stainless steel melted in a solar oven are among the materials a Geneva watch brand is using in its quest …
Battered luxury stocks face fresh setback Ffom Burberry warning
By Bloomberg Published Jan 13, 2024 Luxury stocks are off to a rough start this year, adding to their 2023 drop, with Burberry Group Plc’s surprise profit warning crushing hopes …
Gucci handbags disappoint at auction as luxury fervor cools
By Bloomberg Published Nov 15, 2023 An auction of rare Gucci handbags disappointed at Christie’s, a sign that robust demand for high-end purses is softening. Gucci Bamboo bag Two Gucci …
The luxury industry takes a very close interest in the fine jewellery sector
Translated by Cassidy STEPHENS Published Nov 10, 2023 More than ever, ateliers and fine jewellery houses are attracting the interest of major luxury players. Rumours and announcements bounce from one …
the ecological transition is moving forward, but at a slow pace
Translated by Cassidy STEPHENS Published Nov 3, 2023 Fashion and the ecological transition: where do we stand and what are the prospects at a time when the geopolitical context is …
Hermès sales jump, defying luxury downturn as US posts strong growth
By Reuters API Published Oct 24, 2023 Sales at Hermès rose briskly in the third quarter, beating expectations and outshining rivals as economic headwinds did not its stop its wealthy …