Kering news and archive

Kering's strategic plan raises union concerns over job security

Following the strategic plan announced by Kering in Florence on April 16, unions are expressing concern about the future of jobs and have requested a meeting with CEO, Luca de Meo. In a statement today, the national secretariats of Filctem Cgil, Femca Cisl and Uiltec Uil acknowledged the important statements made to shareholders. However, they...

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Strategic partnership: Kering and China's ICCF to strengthen Icicle brand

French luxury group Kering announced on Thursday during its Capital Markets Day that it will acquire a minority stake in the Chinese group ICCF (Icicle Carven China France). The investment is part of the “House of Wonders” initiative, through which Kering aims to support selected “emerging luxury brands”. According to the group, the transaction...

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Kering CEO details strategy for Gucci's return to growth

Florence, Italy - French luxury group Kering is at a “turning point”, its chief executive officer Luca de Meo said on Thursday. He was presenting the company's new strategic plan in Florence, Italy. To return to growth, the executive highlighted a series of measures, particularly for its flagship brand Gucci, with a “significant” move “upmarket...

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Kering unveils recovery plan, aims to more than double profit margin

French luxury giant Kering has announced a recovery plan as the group continues to struggle. On Thursday, it revealed measures that include more than doubling its operating margin rate in the medium term. The group began a transformation last year under its new chief executive officer, Luca de Meo. It now aims to achieve an operating margin rate...

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Gucci looks to reignite the flame in its Italian home

Paris, France - Having transitioned from a fashion icon to a thorn in the side of French luxury group Kering, Gucci must now reinvent itself to avoid further weighing on its parent company's accounts. The luxury giant, which also owns Yves Saint Laurent, Bottega Veneta, Kering Eyewear and Boucheron, will present its strategy to investors on...

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Kering begins recovery: between stabilising results and “ReconKering”

The verdict came in this Tuesday for Kering. With revenue of 3,568 million euros in the first quarter of 2026, the luxury group finally stabilised its revenue on a comparable basis. Organic growth remains at a standstill. Yet this 0 percent stagnation on a comparable basis marks the end of a freefall period and validates the foundation on which...

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Kering: a crucial week to reassure markets and relaunch Gucci

French luxury leader Kering, held back by difficulties at Gucci, is facing a decisive moment. This week, the group will present its new roadmap during a highly anticipated investor day in Florence. All eyes are on the speech by Italian Luca de Meo, the group's chief executive officer, at the Capital Markets Day on Thursday in Gucci's birthplace....

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Will 2026 mark a return to growth for the struggling luxury market?

Paris, France - After a marked slowdown over the past two to three years, driven by price hikes, a lack of creativity and a downturn in China, the luxury sector hopes to navigate the clouds of geopolitical instability in 2026 to return to growth. Global leader LVMH will be under particular scrutiny, as the group kicks off the reporting season...

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Kering sells majority stake in Milan building for over one billion euros

French luxury group Kering announced on Wednesday it has sold a majority stake in a building in Milan to the Qatari Al Mirqab Group for over 1 billion euros (1.15 billion dollars). Kering announced the acquisition of the building for approximately 1.3 billion euros in April 2024. In a press release on Wednesday, the group stated it is “...

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Kering and L’Oréal: inside the four billion euro alliance shaping the future of luxury

It is now official: Kering and L’Oréal finalised their beauty partnership on March 31, 2026. The 4 billion euro (4.64 billion dollars) deal redefines the global luxury cosmetics market. It also marks a structural turning point for the two French leaders. Initially announced in October 2025, the alliance has received the green light from...

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Why Kering is gradually taking control of luxury jewellery specialist Raselli Franco

Kering has marked a new decisive step in its structural repositioning. The French luxury leader has formalised the acquisition of a 20 percent stake in the Raselli Franco group, a leading independent jewellery manufacturer in Europe, for a valuation of 115 million euros. This transaction, first announced in December 2025, paves the way for a...

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Kering CRAFT: discovering China's new creative guard

Luxury group Kering announced on Monday the selection of the ten fellows for the inaugural edition of its Kering CRAFT (Creative Residency for Artisanship, Fashion and Technology) programme. Developed in partnership with Shanghai Fashion Week, this residency scheme aims to support the emergence of a new generation of Chinese designers by...