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Luca de Meo, chief executive officer of Renault SA, during the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. The annual technology and startup conference runs until June 14. Photographer: Nathan Laine/Bloomberg

Kering shares up, Renault down as CEO quits the carmaker

Gucci owner Kering is poised to hire Renault chief executive Luca de Meo in an effort to turn around the debt-laden luxury conglomerate, five sources told Reuters, sending Kering shares soaring and Renault's to multi-month lows.

Business • 16 Jun

Sales at Gucci dropped by 25% In the first quarter of this year

Kering's Q1 sales drop more than expected on Gucci crisis

Shares of Kering dropped 5.42% in opening trade today after the company reported first-quarter sales below analysts' expectations.

Business • 24 Apr

Group revenue in the first three months of the year amounted to 3.88 billion euros.

Kering reports 14% sales drop as Gucci sales slide

Kering reported a bigger-than-expected decline in first-quarter revenue today, the latest set of disappointing results from the luxury group as its star label Gucci continues to struggle amid a worsening economic environment.

Business • 23 Apr

Shares in Gucci-owner Kering rise on turnaround hopes

Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said today, but a slight improvement in the group's performance in major markets China and the US buoyed investors.

Business • 11 Feb

Sales for the three months ending in March stood at 4.5 billion euros.

Gucci-owner Kering posts 10% drop in Q1 sales

French luxury group Kering expects a 40% to 45% plunge in first-half operating profit, it said today, after first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci.

Business • 23 Apr 24

Kering said it was seeing a steep sales drop at star label Gucci in the Asia-Pacific region

Gucci's steep sales decline throws spotlight on China

Kering's shares slumped today after the French luxury goods company warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia.

Business • 20 Mar 24

Sales at Gucci Ireland soar by 33% to €5.46m last year

Sales at the Irish arm at one of the world's leading luxury brands, Gucci last year soared by 33% from €4.09m to €5.46m.

Business • 04 Dec 23

Kering is trying to restore momentum at its star label Gucci

Gucci management shuffle pushes Kering shares higher

Kering shares rose more than 5% today as investors cheered news of top management changes at the luxury group, aimed at restoring momentum at its star label Gucci.

Business • 19 Jul 23

Gucci-owner Kering paid €3.5 billion for French fragrance label Creed last month, reports say today

Kering paid €3.5 billion for perfume brand Creed

Gucci-owner Kering paid €3.5 billion for acquiring high-end French fragrance label Creed in June, the Financial Times reported today, citing people familiar with the matter.

Business • 10 Jul 23

The centre of the probe has been confirmed as Gucci's Milan headquarters, a former airplane factory in the eastern part of Italy's fashion capital

Luxury industry under scrutiny as EU probes Gucci

Europe's flourishing luxury goods industry was under scrutiny after European Union antitrust regulators inspected Gucci's Milan headquarters this week as part of an investigation spanning several countries and companies.

Business • 21 Apr 23

Gucci's revenue fell 14% on a comparable basis to 2.73 billion euros

Gucci slump pushes Kering sales down 7%

Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci reflecting Covid-19 disruptions in China.

Business • 15 Feb 23

Coty said today that te beauty category is 'more resilient than ever'

Coty quarterly results beat estimates

Coty has today beaten Wall Street estimates for quarterly revenue and profit as higher prices and sturdy demand for its fragrances and cosmetics helped soften the hit from a strong US dollar and the company's exit from Russia.

Business • 08 Nov 22

Kering's star label Gucci, which accounts for over half of the French luxury group's annual sales, clocked 13.4% growth

Gucci in focus as China lockdowns hit Kering's Q1 sales

Disruptions from Covid-19 lockdowns in China cast a cloud on forecast-beating first-quarter sales from Gucci owner Kering, despite the group pointing to sustained demand from the US and Western Europe for its high-end fashion and leather goods labels.

Business • 22 Apr 22

Gucci accounts for 60% of Kering's revenues and around 70% of its profits

Gucci powers forecast-beating sales growth at Kering

Kering has today reported sharp growth in fourth-quarter sales, beating expectations over the Christmas period as marketing investments and 100th anniversary events helped boost the popularity of its top Gucci brand.

Business • 17 Feb 22

Asia curbs sales growth at Kering's fashion brand Gucci

French luxury group Kering's star fashion brand Gucci grew sales by just 3.8% in the third quarter, missing analyst expectations as the pace of recovery from Covid-19 slowed down sharply, particularly in Asia, following a bumper second quarter.

Business • 20 Oct 21

Gucci accounts for 60% of revenues and 80% of profits at France's Kering

Sales at Kering's Gucci luxury brand fall on Covid hit

Sales at Kering's star Gucci fashion brand fell more than expected in the fourth quarter as the Covid-19 pandemic kept consumers from travelling abroad and shopping.

Business • 17 Feb 21

The French luxury goods group's brands include Gucci and Saint Laurent

Luxury goods group Kering to co-operate on tax probe

Kering, the French luxury goods group whose brands include Gucci and Saint Laurent, said today that it would co-operate fully on a tax probe into the company.

Business • 17 Dec 20

Coty has been ramping up investments in its digital platform, helping it double its online penetration as a percentage of overall sales in the first quarter

Coty posts surprise profit as beauty products recover

Coty has today posted a surprise quarterly profit as demand for its beauty products and fragrances recovered from lockdown lows and the cosmetics maker kept a tight lid on costs.

Business • 06 Nov 20

Kering said the virus outbreak could have an impact on 'consumption trends and tourism flows, and their ability to affect economic growth'

China virus could heighten uncertainties for Kering

Kering said today that the coronavirus epidemic in China could heighten uncertainties for the luxury goods market.

Business • 12 Feb 20

Kering's Italian label Gucci held on to its crown as one of the luxury world's fastest-growing brands

Kering's Gucci joins peers in defying China fears

Luxury goods group Kering has joined competitors in defying concerns of waning demand in China.

Business • 12 Feb 19

Kering buoys luxury shares on strong China outlook

Kering led a share price rally in the luxury goods sector today after sales at its star Gucci brand proved more resilient than expected.

Business • 24 Oct 18

Gucci aims to steal luxury crown from Louis Vuitton

Italian fashion house Gucci has said it aims to reach €10 billion in annual sales and replace LVMH's Louis Vuitton as the world's biggest luxury label.

Business • 08 Jun 18

Kering's biggest label Gucci continued to defy expectations of a slowdown in the first quarter

Gucci fuels booming sales at luxury firm Kering

Booming sales growth at French luxury group Kering got even faster in the first quarter, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga.

Business • 25 Apr 18

Gucci-owner Kering says 2018 should be another solid year as the French group refocuses its business solely on luxury

Gucci helps Kering to fashion strong sales growth

Gucci-owner Kering has posted better-than-expected sales growth in the fourth quarter and said 2018 should be another solid year as the French group refocuses its business solely on luxury.

Business • 13 Feb 18

Gucci sales hit by a smaller flow of tourists into Europe in the fourth quarter

Growth stalls for Kering's top brand Gucci

Sales growth at Italian luxury brand Gucci almost ground to a halt in the fourth quarter and its parent company Kering reported a steep drop in profits.

Business • 21 Feb 14

Gucci