He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its "promise" to customers.

Kepler Cheuvreux analyst Charles-Louis Scotti upgraded Kering (PPRUY) to Buy from Hold with a price target of EUR 350, up from EUR 250. The ...

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.

Mélanie Flouquet, now chief strategy officer, is expected to take up the new position on March 1, with Boston Consulting ...

French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The luxury fashion ...

The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

The brand, which accounted for 63 percent of Kering’s operating profit in 2024, is poised for an extended period of turmoil following the exit of creative director Sabato de Sarno last week after less ...

The French luxury group reported better-than-expected sales on Friday, pushing its market cap above 300 billion euros for the ...

PARIS (Reuters) - Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of weak sales and has yet to name a new chief designer to ...

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

While Kering had better-than-expected sales to end 2024, it still doesn’t spell out good news for the luxury conglomerate. Amid an overall luxury slowdown, the high-end behemoth netted $4.52 ...

Natural landscapes and enjoying the outdoors are the focus of Maui Jim’s new global advertising campaign, Color You Can Feel ...