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Kering Warns of Profit Plunge as Gucci Turnaround Sputters
Bloomberg· 50 minutes agoHave a confidential tip for our reporters? Kering SA warned that its profit is set to tumble in the...
Kering Net Profit Falls 50% in H1, Group Forecasts 30% Drop in H2 Operating Profit
WWD· 41 minutes agoPARIS – Kering said net profit fell 50 percent in the first six months of the year after its star ...
Luxury brands suffer as Chinese shoppers hold back
BBC via Yahoo Finance Canada· 9 hours agoOther major luxury goods industry players, including Hermes and Gucci-owner Kering, are due to report their latest financial results this week. Recent...
Prada and Dior counterfeits are soaring in popularity because Gen Z is trying to ‘achieve a sense of...
Fortune via Yahoo Finance Canada· 8 hours ago“It also begs the downstream question as to whether mechanisms that increase brand exclusivity –...
This Week: Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem
The Business of Fashion· 3 days agoLuxury brands have been sounding the alarm about a global downturn in recent months. Analysts expect...
LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing...
Fortune via Yahoo Finance Canada· 8 hours ago“Continued economic and geopolitical uncertainties are still impacting certain businesses, notably...
Sergio Rossi Taps Paul Andrew As Creative Director
The Business of Fashion· 3 hours agoSergio Rossi has hired Paul Andrew as its new creative director, the brand said in a statement. Sergio Rossi described Andrew’s work as “daring and pragmatic, balancing handmade ...
LVMH Shares Slump 6% After Missing Q2 Estimates
The Business of Fashion· 8 hours agoThe world’s biggest luxury group on Tuesday reported its quarterly sales rose 1 percent year on year to €20.98 billion ($22.76 billlion), undershooting...
The most luxurious pieces Glen Powell and Daisy Edgar-Jones have worn on their 'Twisters' press tour
Business Insider via Yahoo Canada News· 2 days agoThe piece, inspired by classic Gucci designs, is crafted with leather and canvas. The luxury fashion...
EXCLUSIVE: Bottega Veneta Creates New Role – And This Is the Woman Cut for the Job
WWD· 6 days agoMILAN — Bottega Veneta is upping its commitment to craft with the introduction of a new...
