Gucci rescue? Kering sells beauty division to L'Oréal
The French cosmetics company L'Oréal has acquired the beauty division of the luxury goods group Kering for four billion euros.
The French cosmetics company L'Oréal has acquired the beauty division of the luxury goods group Kering for four billion euros.
Francesca Bellettini, previously Deputy CEO of the Kering Group and responsible for brand development, succeeds Stefano Cantino as Gucci CEO...
Gucci's poor performance has been weighing on the luxury goods company's performance for some time. Now the company has reported...
The French daily newspaper Le Figaro had already reported on this a few days ago, and now the luxury goods group Kering has...
The weakening performance of Gucci has been a problem for the luxury goods group Kering for some time now. The brand's sales...
The luxury brand Gucci, which belongs to the Kering Group, has been struggling with falling demand for some time, especially in China. Now...
Following a significant decline in the previous year (sales down 21 %), Gucci continues to have a weak start to the new year. Sales in the first...
At the beginning of February, the Swiss luxury group Kering announced the departure of Gucci head designer Sabato De Sarno. A successor is...
Kering's turnover in 2024 amounted to €17.2 billion, 12 per cent below the previous year's figure of...