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The Latest Breaking News from Kering

Kering's shares tumble 10% as investors mull over Gucci's new artistic director. But the 'iconoclast' might be what the brand needs

“Demna has a strong viewpoint ... which is the secret sauce for a brand like Gucci,” Bernstein SG analyst Luca Solca said.

Fortune

Demna taking over at Gucci

Demna is taking over as artistic director of Gucci.

BANG Premier

Demna is Gucci's new artistic director

He has headed up Balenciaga since 2015

Marie Claire

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Georgian Designer Demna Leaves Balenciaga For Gucci

Georgian designer Demna is leaving Balenciaga after a decade to become artistic director of Gucci, the French parent company of both brands, Kering, said Thursday.

International Business Times

Gucci names Demna new aristic director, as he moves from Kering sister brand Balenciaga

Gucci has announced that the Balenciaga artistic director Demna, who goes by one name, will take over the creative direction of the Italian luxury fashion house starting in July

The Independent UK

Fashion's bloody secret: How luxury fell back in love with real fur and crocodile skins

Despite the bans and the rise of faux fur, it looks like fashion is falling in love with the real thing all over again

Evening Standard

China’s wealthy shoppers have adopted a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty

After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.

Fortune

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Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

“Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.

Fortune

Gucci Owner Kering's Annual Profit Plunges

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

International Business Times

Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?

Turning Gucci around is crucial to Kering as it “can no longer afford to get it wrong,” an expert told Fortune.

Fortune

Gucci Dumps Design Chief After Revenue Plunges 25%

Gucci's parent company, Kering, announced on February 6th that creative director Sabato De Sarno will depart after less than two years in the role.

International Business Times

Gucci Ousts Chief Designer De Sarno After Sales Slump

Luxury giant Gucci announced Thursday it was parting ways with its chief designer Sabato De Sarno following a sales slump, in the latest shakeup at a major European label.

International Business Times

How ‘dupes’, fast fashion and China’s economic slowdown spell disaster for the luxury sector

Alarm bells are ringing across the high-end sector. 2024 did not end as luxury brands had hoped, and the figures published by the sector’s main conglomerates painted a picture of slowdown and some signs of exhaustion during the last quarter of 2024.

The Conversation

Overdone price hikes, the demise of ‘quiet luxury,’ and sluggish European tourism—here's what Bank of America expects will shape luxury in 2025

“We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

Fortune

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Fortune

Gucci will need to make a comeback under its new CEO—and it won't be the first time for the languishing Italian luxury brand

Revenues at Gucci, Kering's biggest money maker, plunged 26% in the third quarter as a prolonged sales slump continues.

Marie Claire

Louise Trotter is Bottega Veneta's new Creative Director - here's why Bottega fans should be excited

The British designer will take over from Matthieu Blazy in January

Fortune

Wooing the luxury consumer

‘Tis the season for luxury retail but giants like LVMH and Kering have been struggling while brands like The Row and Hermès continue to do well.

Top News

Luxury Brands Shine At Notre Dame Reopening Ceremony

The reopening of Notre Dame in Paris after the 2019 fire showcased a blend of cultural renewal and luxury branding, sparking controversy over the presence ...

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The Independent UK

Notre Dame Cathedral's reopening spectacle capped a stellar year for luxury house LVMH

The reopening of Notre Dame was a solemn celebration of cultural and spiritual renewal

Marie Claire

Bottega Veneta and Chanel Unveil New Creative Directors—One Who's a Historic Choice

Louise Trotter is the first female creative director of the house since the 1980s.

The Independent UK

Louise Trotter is named creative director of Bottega Veneta, as Matthieu Blazy moves on

Kering has announced that Louise Trotter has been named creative director of the Bottega Veneta fashion house

Fortune

5 investing trends for 2025—and 15 stocks to help you bet on them

How to play AI, luxury goods, defense, and more. (And while you're at it: Buy gold.)

Fortune

50 million people have stopped buying luxury brands like Dior and Burberry after 'broken promises' to customers

“A fabulous ice cream sundae is boring by the time you have it the fifth time,” a retail analyst told Fortune.

International Business Times

Burberry Launches Turnaround Plan As Posts Loss

Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand.

The Independent UK

Salma Hayek never signed prenup with husband François-Henri Pinault, who’s worth over $20bn

François-Henri Pinault, who married Hayak in 2009, is the billionaire CEO of luxury group Kering

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