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 … Business • 21 Apr
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 … Business • 15 Feb
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 … Business • 22 Apr 22
Kering buys US high-end sunglasses brand Maui Jim Gucci-owner Kering is bulking up its eyewear division with a deal to buy US-based label Maui Jim, the French luxury group said today. Business • 14 Mar 22
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 … 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 … Business • 20 Oct 21
Kering raises €805m from sale of 5.9% of Puma French luxury goods group Kering said today it had sold a 5.9% stake in German sportswear company Puma for around €805m via a placement to … Business • 27 May 21
Richemont shares rise on Kering approach report Shares in Cartier owner Richemont rose today after an online fashion publication reported it had been approached by French luxury goods group Kering for a … Business • 22 Mar 21
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 … Business • 17 Feb 21
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 … Business • 17 Dec 20
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
Moncler CEO says no concrete M&A option for now The chief executive and top shareholder of Italy's puffer jacket maker Moncler said today there was no concrete tie-up option under consideration. Business • 05 Dec 19
Arnault, LVMH, Kering & Total donate Notre-Dame funds French billionaire businessman Bernard Arnault's family and his LVMH luxury goods group will donate €200m to help repair Notre-Dame cathedral in Paris, a statement issued … Business • 16 Apr 19
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 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 … Business • 25 Apr 18
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 • 13 Feb 18
Luxury group Kering to spin off Puma to shareholders Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate's shareholders to focus squarely on its luxury brands. Business • 12 Jan 18
