He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its "promise" to customers.
The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.
Gucci sent a collection of furry coats, slim pencil skirts and slip dresses down the catwalk for its fall-winter show, a ...
CNBC on MSN17d
Kering slightly beats fourth-quarter forecasts even as sales at embattled Gucci brand plunge 24%French luxury goods firm Kering reported better-than-expected fourth-quarter sales that were still down year-on-year amid ...
The women's collection riffed on ladylike dressing tinged with subversion. Meanwhile, the Achilles tendon emerged as a new ...
Reuters on MSN16d
Gucci sales slump continues as Kering seeks new designerPARIS: French luxury group Kering reported a 12% drop in fourth-quarter sales on Tuesday, dragged lower by its Italian brand Gucci, but flagged a slight improvement in major markets China and the ...
Amid a transitional moment for the house, it embraced its heritage with a fresh perspective, blending craftsmanship, ...
MILAN — The pressure to find the right successor for Sabato De Sarno mounts, as analysts believe Gucci’s future relies heavily on choosing the new creative director. Two days after Kering reported a ...
The post De Sarno Gucci: wouldn't it have been better to skip a turn? The brand tackles the first collection after the ...
Turning Gucci around is crucial to Kering as it “can no longer afford to get it wrong,” an expert told Fortune.
Gucci showcased a new collection featuring furry coats, elegant dresses, and stylish suits during its fall-winter show amidst a period of transformation. As the Italian luxury brand awaits a new ...
Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a turnaround plan for its core brand. Some luxury groups have pointed to signs ...
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