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Hermès Sales Surge 17% On Strong Chinese Demand, Defying Global Luxury Slowdown

The French luxury house posted strong quarterly sales growth across all geographic areas, including China.

China , Paris , France-general- , France , California , United-states , Japan , French , Chinese , Californians , Luca-solca , Nicolas-puech

Kering shares drop after Gucci slump prompts profit warning

The stock slid as much as 8.9% in early Paris trading to the lowest since 2018. Kering’s 20% share slump this year contrasts with gains by French rivals LVMH and Hermes International.

United-states , France , China , Paris , France-general- , French , America , Chinese , Luca-solca , Christian-dior , Yves-saint-laurent , Moet-hennessy-louis-vuitton

Gucci's Q1 Sales Drop 18%—What To Know About The Luxury House's Struggles

Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.

Japan , China , France , Italy , French , Chinese , Italian , Yves-saint-laurent , Marco-bizzarri , Louis-vuitton , Luca-solca , Alessandro-michele

Acquisition of an iconic building via Monte Napoleone, in Milan

Acquisition of an iconic building via Monte Napoleone, in Milan
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Milanese , Calabria , Italy , Milan , Lombardia , Alexander-mcqueen , Monte-napoleone , Gucci , Brioni , Blackstone-property-partners , Leather-goods , Saint-laurent

In with the old, out with the new: where are the women and people of colour in luxury fashion?

White men dominate the upper echelons, highlighting renewed resistance to diversity in society

Italy , South-africa , Italian , Jacopo-venturini , Alessandro-michele , Sandiso-ngubane , Valentino , Gucci , World-war , Sunday-times , Comment-policy , Sean-mcgirr

Valentino hires former Gucci designer Michele as creative director - Life & Style

MILAN: Valentino has hired former Gucci designer Alessandro Michele as creative director, after the announcement of...

France , Italy , Milan , Lombardia , Rome , Lazio , Qatar , Paris , France-general- , Italian , Qatari , French

While Kering's Gucci Warns Of 20% Decline, LVMH Sees Growth In Luxury Market

Kering just announced its 1Q24 revenues would decline 10%, with Gucci off 20%. But LVMH is entering 2024 with a positive outlook. It's a study in contrasts in luxury.

Patou , Guangdong , China , Saint-laurent , Pays-de-la-loire , France , United-states , Italy , French , America , Chinese , Cowen-oliver-chen

Spring festival spending on China's duty-free island hits record - Life & Style

SHANGHAI: Shoppers visiting China’s island province of Hainan spent a record 2.49 billion yuan ($346.2 million) on...

Shanghai , China , Hong-kong , Belgium , Hainan , Chinese , China-duty-free-group , Ministry-of-culture , Reuters , Lunar-new-year , Haikou-customs

Modest sales decline for Kering - Jeweller Magazine: Jewellery News and Trends

French luxury group Kering has reported a four per cent decline in sales for the past year amid ‘uncertain’ market conditions.

France , French , Henri-pinault , Kering , Omellato , Oucheron , Odo , Eelin , Rançois-henri-pinault , Eo-françois-henri-pinault , Eweller

Kering Initiates Revival Plans for Gucci |

Kering, the parent company of luxury label Gucci, is gearing up to breathe new life into its star brand this year, with the upcoming debut of designs by new creative director Sabato de Sarno. Read more about Kering's strategy and the challenges faced by Gucci.

Paris , France-general- , France , Francois-henri-pinault , Marco-bizzarri , Nehha-pendse , Gucci , Executive-francois-henri-pinault , Sabato-de-sarno , Revival , Kering , Gucci-revival-plans