Gucci news and archive

Lyst Index: Loewe back at the top, On Running on the rise

Loewe has climbed back to the top of the most sought-after brands thanks to its cultural engagement, 'it' pieces and collaborations. The Spanish luxury fashion house topped the Lyst Index for the second quarter of 2024. This put Loewe ahead of the Italian Prada Group fashion houses Miu Miu and Prada, which secured second and third place...

BusinessFeatured

Gucci-owner Kering forecasts 30 percent drop in H2 operating income

Kering’s group revenue of 9.1 billion euros for the first half period, down 11 percent as reported and on a comparable basis. In the second quarter, revenue totaled 4.5 billion euros, also down 11 percent as reported and on a comparable basis. Recurring operating income fell 42 percent to 1.6 billion euros and net income attributable to the...

Business

Kering sees earnings fall, issues profit warning

Luxury group Kering said Wednesday its half-year net profit fell by half and warned operating earnings for the second half of the year would be down around 30 percent. Revenues also slid by 12 percent and its flagship brand Gucci continues to underperform, with sales down by 20 percent.(AFP)

People

Ewa Abrams takes over as president of Kering Americas

Ewa Abrams, currently general counsel of Kering Americas, which she joined in 2018, is now appointed president of Kering Americas, effective August 1, 2024. The company said in a statement that she will report directly to Jean-Marc Duplaix, deputy CEO, in charge of operations and finance, and succeeds Laurent Claquin, following his appointment...

Video

Video: Gucci SS25

Watch Gucci’s runway show at Milan Fashion Week showcasing their SS25 collection. Promotion Read more about Gucci on their brandpage

Fashion Featured

Valentino drops first collection designed by Alessandro Michele

Alessandro Michele, the newly appointed creative director of Valentino, unveiled a surprise pre-spring 2025 collection look book during the penultimate day of Milan men's fashion week, three months before his highly anticipated debut runway show. The collection, consisting of 171 looks and 91 detail shots of accessories, marks the triumphant...

Fashion

Gucci continues museum showcase for men's show in Milan

Following the presentation of creative director Sabato De Sarno’s Gucci collection at London’s Tate Modern last month, the Florentine fashion house is set to show its 2025 menswear collection during Milan’s men's fashion week at the city's Triennale art and design museum. Scheduled for Monday, June 17, the upcoming presentation marks De Sarno’s...

Business

Gucci hub in Milan allegedly at centre of tax complaint against Kering

The Gucci hub in Milan, a large building housing the maison's offices, exhibition spaces and catwalks, is currently embroiled in allegations of tax evasion a new exposé has revealed. Italian newspapers Mediapart and Domani said they had obtained the exposé which had allegedly been sent to the country's governmental tax agency Agenzia delle...

Fashion Featured

Gucci presents its Cruise 2025 show at London's Tate Gallery

Gucci and London share a long history, with founder Guccio Gucci finding work as a porter in the Savoy Hotel in 1897. Energised by the city’s vibrant spirit, he returned to Florence to open a travel goods store, with the aspiration to narrate, through his luggage, a new way of living. More than a century later, the notion of London as a place of...

RetailFeatured

India's luxury market poised for expansion, says Barclays

India's luxury market is primed for substantial growth, according to Barclays, with forecasts indicating an annual expansion of 15 percent to 25 percent over the next seven years. This trajectory could elevate the market's value to an impressive 23 billion euros to 38 billion euros. The driving force behind this surge, Barclays notes, is India’s...

BusinessFeatured

First quarter luxury earnings show brands' strengths and weaknesses

French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...

BusinessFeatured

Kering forecasts sharp decline in H1 operating profit

Kering Group’s first quarter revenue of 4.5 billion euros, declined 11 percent as reported and 10 percent on a comparable basis. The company said in a statement that revenue from the directly operated retail network fell 11 percent on a comparable basis, as a result of lower store traffic. Revenue in the wholesale and other segments was also...