Inside Jeff Sutton's $2 billion deals with Gucci, Prada
A $2 billion deal puts press-shy retail investor in the New York City spotlight.
Source: nypost.com
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Gucci To Open Men's Store at Miami Design District – Commercial Observer
The store marks Gucci’s fourth dedicated men’s boutique in the U.S.
Source: commercialobserver.com
Gucci owner Kering to buy 30% of Valentino for €1.7 bn
Announcement comes as Gucci reported lackluster sales growth in the second quarter
Source: luxtimes.lu
Kering shares surge as Gucci CEO Marco Bizzarri departs
Jean-Francois Palus will step in after growth at Gucci — which accounts for about two-thirds of Kering’s profit — lagged behind rivals in recent years.
Source: fortune.com
Gucci sales climb past pre-COVID-19 pandemic levels
Gucci sales for the fourth quarter last year surged past levels not seen since before the COVID-19 pandemic, as luxury group Kering SA’s biggest brand drew shoppers to its latest ready-to-wear collection. Comparable revenue at Gucci rose 32 percent to 3.07 billion euros (US$3.49 billion) in the period from the year before, Paris-based Kering said in a statement yesterday. Analysts had expected growth of 18 percent. The release in September last year of Gucci’s Aria collection helped generate buzz and sales, while the film House of Gucci, starring Lady Gaga, drew more attention to the brand...
Source: taipeitimes.com