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Gucci, Kering

Shares in Gucci-owner Kering rise on turnaround hopes

By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group's performance in major markets China and the United States buoyed investors.

YAHOO!Finance · 2h

Kering Gains on Signs the Worst May Be Over for Gucci Owner

Kering SA shares rose as investors took encouragement from better-than-expected profit and signs of stabilization at Gucci, its biggest brand, which has suffered in recent years from weaker demand.Most Read from BloombergNice Airport,

The Financial Times · 3h

Kering hit by weak sales at Gucci

Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.39bn. At Gucci, which typically accounts for about half of group sales and two-thirds of profits, sales fell 24 per cent to €1.92bn in the quarter, missing analyst expectations, while operating income for the full year fell 51 per cent to €1.6bn.

FIRSTonline2h

Kering closes 2024 with profits plummeting 62%, weighed down by Gucci, but sees improvements and new acquisitions. The stock rises

In the call with analysts, the group said it is looking at similar businesses with high potential. Meanwhile, Gucci's new ...

22h

3 Reasons Why Kering Can Outperform Following 2024 Collapse

Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong ...

Gucci Readies For A Reset As Creative Director De Sarno Exits

With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to ...

Kering Group Revenue Falls 12% in Q4, CEO Sees ‘Stabilization’

Bottega Veneta was a bright spot, with a 12 percent rise, but the brand is also set for a shift following the departure of ...

Kering's Gucci Performance In Focus -- Earnings Preview

NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...

22hon MSN

Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?

Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it ...

Kering investors brace for more bad news after Gucci creative chief’s exit

French luxury group to report full-year results this week following latest blow to turnaround plans at its biggest brand ...

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