Gucci news and archive

Gucci continues to weigh on results: Kering reports 10 percent revenue decline in Q3

Kering announced a 10 percent revenue decline for the third quarter on Wednesday. This is the first financial release since Luca de Meo took office in September as the new chief executive officer, tasked with getting the luxury group back on track. Revenue fell to 3.4 billion euros, a decline less severe than in previous quarters. However,...

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L'Oréal deal to 'help us lighten the ship and relaunch our fashion brands' - Kering's Luca de Meo

Kering, which has been trying to revive its flagship brand Gucci for years, will present its third-quarter revenue on Wednesday. This is the first financial publication since Luca de Meo's arrival in September as chief executive officer to turn around the luxury group. This publication comes 72 hours after the announcement of the sale of...

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An analysis of Kering Beauté's refocusing strategy and sale to L’Oréal

Far from a hasty analysis, the sale of Kering's beauty division to L’Oréal for approximately four billion euros is more than a simple divestment. It is a decisive move, driven by an undeniable logic of debt reduction and refocusing. FashionUnited breaks down the five operational reasons behind this major transaction. “So, Kering selling its ‘...

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EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

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Video: ‘The Tiger’ presented by Gucci

The short film ‘The Tiger’, presented by Gucci and directed by Spike Jonze and Halina Reijn, premiered in Milan on September 23. It showcases looks from the ‘Gucci: La Famiglia’ collection by new creative director Demna Gvasalia. “The story of The Tiger follows Barbara Gucci, head of Gucci International and chairman of California, as she gathers...

Fashion

Gucci: Demna unveils brand's new direction

Gucci's new creative director, Demna Gvasalia, has offered a first glimpse into Gucci's future. On Monday, the designer presented ‘La famiglia’, "the beginning of a new, brazen, sexy, excessive and provocative era", according to a press release. The Gucci ‘La famiglia’ collection explores all the nuances of "Gucciness": the essence of Gucci as a...

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Kering: Francesca Bellettini appointed president and CEO of Gucci

Her departure had been rumoured for weeks, and this afternoon, it was confirmed. Gucci released a statement announcing Stefano Cantino’s decision to leave the company. In a separate statement, the French company announced Francesca Bellettini as the new CEO and president of Gucci. Cantino’s exit and Bellettini’s appointment as head of Gucci...

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Rumours of CEO change at Gucci: Is Francesca Bellettini taking the reins?

New Kering chief executive officer Luca de Meo is wasting no time restructuring the French luxury group. Following his official start date on Monday, September 2, a significant change at the helm of Gucci is already emerging. As reported by trade media outlets such as Business of Fashion and Women’s Wear Daily, Gucci CEO Stefano Cantino is...

Retail

Gucci Italia employees protest over unpaid welfare benefits

Approximately 1,000 retail and logistics employees at Kering-owned Gucci Italia are staging a protest. In a statement, trade unions Filcams Cgil, Fisascat Cisl and Uiltucs declared industrial action. This follows the company's refusal to distribute welfare payments, as stipulated in an expired collective agreement. The unions highlighted how...

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Kering stock analysis: Shareholder confidence despite profit drop

Kering's (KER) share price remains steady on Wednesday morning. After a brief dip immediately following the stock market's opening, the share price is now a few percentage points higher than the previous day. The French luxury group published its second-quarter and first-half results for the financial year after markets closed on Tuesday. The...

Fashion

Demna confirms date for debut Gucci show

Designer Demna has revealed that his debut show for Gucci will take place in March 2026. This removes the spring/summer womenswear show, typically held at the end of September, from this year's calendar. "I need more than two months to develop a vision," Gucci's new chief design officer told fashion journalist Suzy Menkes. This was revealed in a...

Fashion

Gucci design studio strikes move to Milan

Some 40 artisans from Gucci's design studio downed tools Monday in the creatives' first ever strike, held over plans to move much of the team from Rome to Milan. The Italian luxury brand, owned by French group Kering, said in October it was transferring 153 of its 219 design employees from the capital to Milan, a move the strikers claim is "a...