Gucci news and archive

Kering: sales down 14 percent in first quarter, weighed down by Gucci

Paris - Luxury group Kering, still weighed down by its flagship brand Gucci, announced on Wednesday a 14 percent drop in sales to 3.88 billion euros in the first quarter of 2025 and is "redoubling its vigilance to overcome macro- economic turbulence". "As we anticipated, Kering faced a difficult start to the year," said its chief executive...

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Business

The Gucci paradox: While new sales collapse, second-hand sales explode

Despite a sharp 23 percent drop in retail sales in 2024, Gucci remains a standout in the resale market—particularly on Vestiaire Collective. The resale platform highlighted this surprising dynamic in its newly released Vestiaire Value Ranking, which identifies the brands offering the best resale value. By analyzing the accessibility,...

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Fashion |Report

The Dior Saddle & Hermès Kelly bag are the handbags to invest in for 2025

As the US stock market continues to fall into negative territory over the latest tariff changes, individuals around the world seek out more stable and secure alternatives for investing. From gold to arts and collectibles, some of the most sought-after investment pieces in the fashion industry have long included Rolex watches and the ever-iconic...

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Shein reigns supreme, taking the lead apparel market share in 2024 amidst a tough economy

Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...

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Business|Opinion

Kering’s Gucci faces investor doubts after Demna appointment

Kering’s long-anticipated announcement of Demna as Gucci’s new artistic director was met with a tepid response from investors, falling short of the market confidence the luxury conglomerate had likely hoped for. Shares in Kering closed 10 percent lower on Friday, underscoring concerns that the appointment alone is not enough to signal a decisive...

People

Demna's story: His journey to the artistic leadership of Gucci

First the gossip in the hallways, then the rumors that spread outside the company at an ever-increasing pace, finally, the press release that launches this or that designer into the Olympus of fashion or throws out the window who, until a few months earlier, was the creative "genius" of the new millennium. But behind this media circus of...

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Fashion |Opinion

Demna’s unexpected move to Gucci: A new era for the Florentine house

The shock announcement on Thursday of Demna’s appointment at Gucci was a fashion marriage many did not see coming. After months of speculation about who would replace Sabato De Sarno—would it be Hedi Slimane, who had reportedly already gone real estate shopping in Milan, or another number two who had been flying under the radar, like the earlier...

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People

Gucci names Balenciaga’s Demna Gvasalia as creative director

Kering has found its new creative lead for Gucci. Balenciaga’s Demna, who dropped his last name Gvasalia for professional purposes in 2021, has been appointed as the Italian luxury house’s new artistic director. He will take up the post early July 2025, a press release from Kering has revealed. The group’s decision to turn to Demna leant on his...

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Fashion

Paris Fashion Week: Power plays and designer shake-ups

As Paris Fashion Week draws the curtain on the month-long womenswear season, the collections—ranging from headline-grabbing debuts (Sarah Burton at Givenchy, Haider Ackermann at Tom Ford) to pointed social commentary (Comme des Garcons, Balenciaga)—reflect an industry in flux. Just as the global fashion economy seemed to have regained its...

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Fashion brands see renewed growth in China amid global recovery

Signs of recovery in China’s luxury market are becoming increasingly clear as fashion brands report encouraging results for 2024. Moncler, the Italian luxury outerwear giant, posted annual revenues of 2.7 billion euros, reflecting an 8 percent increase at constant currency compared to 2023. The Asia-Pacific region was a key driver of this...

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Business|Opinion

Kering bets on Gucci revival despite lagging sales, as investors maintain optimism

Kering’s fourth-quarter results revealed a significant hit to profits, largely driven by sluggish sales at Gucci, its flagship brand. Yet, despite the challenging period, investor sentiment remains surprisingly upbeat. Shares in Kering rose following its financial reporting and abrupt departure of Gucci’s creative director Sabato De Sarno, who...

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Fashion |Opinion

Gucci’s creative shake-up: Sabato De Sarno’s departure highlights ongoing turmoil at Kering

Gucci’s abrupt announcement on Thursday that Sabato De Sarno will depart as creative director was a stark and understated conclusion to his short tenure at the helm of the Italian fashion house. In a terse press release, Kering—the luxury conglomerate that owns Gucci—offered no statement from De Sarno himself. Instead, it struck an optimistic...