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First Look: Adidas x Gucci to launch on June 7

Sportswear giant Adidas has confirmed it will launch its highly anticipated collaboration with Gucci on June 7 alongside the release of the first looks from the collection. The collaboration, which interweaves the two label’s most recognisable codes, was first showcased on the catwalk by Gucci during Milan Fashion Week in February and spans...

10 May 2022

Retail

Gucci to accept cryptocurrency in its stores

Gucci is to accept cryptocurrency payments in its boutiques. The roll-out is set to begin with selected stores in the U.S. The Italian luxury house said will accept Bitcoin, Ethereum, dogecoin and Litecoin. The Kering-owned company joins brands including Off-White and Philipp Plein, who aim to service new communities and accept virtual...

7 May 2022

Fashion Featured

Lyst Index: Balenciaga retains title of fashion’s hottest brand

Spanish luxury fashion house Balenciaga has retained its spot as the hottest brand on the planet in the first quarter of the year, according to the latest Lyst Index. The index, created by fashion search platform Lyst, examines more than eight million items by volume of social media mentions alongside searches, page views, interactions and sales...

29 Apr 2022

BusinessFeatured

Kering posts 27 percent sales growth

Kering Group revenue rose 27 percent as reported and 21 percent on a comparable basis in the first quarter. The company said, revenue from directly operated stores were up 23 percent on a comparable basis and up 32 percent relative to the same period in 2019. The company added that sales growth was supported by very strong momentum in Western...

22 Apr 2022

Culture

Gucci partners with Meteor to host second gender equity summit

Gucci’s Chime for Change, a global campaign founded in 2013 to unite and strengthen the voices of gender equality, is launching its second summit. Together in partnership with Meteor, a media company, the physical event will take place April 26 at Barnard College in New York, hosted by political strategist Symone D. Sanders. A virtual summit...

15 Apr 2022

Fashion

MFW: Gucci unveils Adidas collaboration on the catwalk

Gucci unveiled a collaboration with German sportswear giant Adidas at its Milan Fashion Week show. Like its previous hack with Balenciaga, the collection blended the codes of both brands, intertwining luxury and sportswear, with Gucci unveiling a new logo on Twitter prior to the show, the Adidas three trefoil logo with Gucci written underneath....

27 Feb 2022

Fashion

Design Bundles names Gucci most influential luxury brand

Search Intelligence has reported Gucci is the most influential luxury fashion brand, according to new research. The brand has over 73 million total mentions from Instagram hashtags, search volume, and article mentions. Following behind Gucci, Chanel takes second place with 1400 article mentions and 70.9 million Instagram hashtags. The third is...

23 Feb 2022

Business

Kering CEO confirms team is exploring metaverse opportunities at management level

Kering CEO Francois-Henri Pinault confirmed the French luxury group has a dedicated team at management level to explore the opportunities and possible disruption of the metaverse for its portfolio of luxury brands. “We are at the early stage of the metaverse, but Kering is trying to learn, so the company is active early on in its involvement....

23 Feb 2022

BusinessFeatured

What’s next for Kering?

Kering’s sterling results released on Thursday show Gucci’s strength hasn’t declined, even if desirability is waning in some groups. With sales up 31 percent over last year, Gucci is still the strongest horse in the Kering stable, accounting for 60 percent of its revenue and approximately 70 percent of profits. In its trading statement Kering...

18 Feb 2022

BusinessFeatured

Gucci drives sales momentum at Kering

Luxury giant Kering achieved revenue of 17,645 million euros in 2021, up 35 percent on a comparable basis compared to 2020 and up 13 percent from 2019. Recurring operating income rose 60 percent relative to 2020 to reach 5,017 million euros, while recurring operating margin reached 28.4 percent. Net income attributable to the group was 3,176...

17 Feb 2022

Fashion

Gucci staging co-ed fashion show in May

Gucci’s on a roll, and merrily are they rolling along with their fashion shows. The brand already has a coed show confirmed for Milan Fashion Week next month, but they will also be showing another co-ed collection on May 16 in an undisclosed European city. The name of the collection also hasn’t been revealed. May is typically resort season, but...

26 Jan 2022

Fashion

Gucci partners with Superplastic on NFT and ceramics drop

Luxury house Gucci has revealed a collaboration with virtual creator Superplastic on a drop that consists of non-fungible token (NFT) designs and exclusive ceramic creations. Entitled Supergucci, the release will comprise of a three-part series, with the first instalment to include ten limited-edition NFTs and handcrafted Italian ceramics, all...

18 Jan 2022