Gucci news and archive

Coty considering two-part sale, according to industry sources

US-based group Coty Inc., listed in New York and Paris, may be approaching a decisive turning point. According to several industry sources cited by WWD, the cosmetics specialist is considering a partial sale of its businesses, potentially paving the way for a profound restructuring of the company. Two-stage sale According to information gathered...

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Is François-Henri Pinault stepping back from Kering?

Paris - 63-year-old François-Henri Pinault, chief executive officer of French luxury group Kering (Kering), is reportedly planning to separate the roles of chairman and chief executive officer. This information was published on Thursday by the business magazine Challenges. According to the magazine, which did not cite its sources, Pinault will...

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Fashion |Opinion

Creative direction reshuffle: Does the trust between CEO and creative director have an expiration date?

With Maria Grazia Chiuri's departure from Dior now official, new appointments are anticipated. It seems as though all that is missing is the station master's whistle and the call of “all aboard” to begin this latest journey towards a new creative direction in luxury fashion. We are witnessing a continuous reshuffling of creative directors; only...

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Gucci appoints new head of Europe

Italian fashion house Gucci has reportedly reshuffled some top positions, including a new head for the Europe, Middle East and Africa (EMEA) region. Maria Cristina Lomanto is taking on the role of president EMEA, according to trade magazine FashionNetwork. She will assume responsibility for the region on June 1. In addition, Marcello Costa has...

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Fashion |Opinion

Kering faces crossroads as Gucci’s identity crisis deepens

Following a disappointing quarter, Kering is under increasing pressure as its crown jewel, Gucci, struggles through a challenging transition. Industry analysts warn that the global luxury sector is entering a period of stagnation, and Gucci, once Kering’s fastest-growing brand, appears especially vulnerable. Gucci’s 25 percent drop in Q1 sales...

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Business

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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Business

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...

Fashion

Celine’s new pilates collection is the latest intersection of high-end luxury and sports

A kettlebell wrapped in rich cognac calfskin commands a price of 2,400 euros. A set of steel dumbbells, adorned with monogrammed canvas, comes in at 1,900 euros. A cork yoga mat, complete with detachable leather straps, is priced at 850 euros. Luxury fashion’s relationship with sports has transcended traditional sponsorships, evolving into a...

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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...

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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...