Gucci

Gucci owner Kering posts 46% profit slump before new CEO arrives

This is Beirut, 30/07 14:00 - Reading : 3 minute(s)

Gucci Fashion Luxury Art Culture

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing. Group net profit fell to 474 million euros ($547 million) in the first half from 878 million in the same period last year, on sales ...

Gucci-Owner Names Ex-renault Chief Luca de Meo as CEO

This is Beirut, 16/06 19:45 - Reading : less than a minute

Gucci Luxury Kering Luca de Meo France Culture

French luxury group Kering announced Monday that it had appointed Luca de Meo, who helped drive automaker Renault out of crisis, its new chief executive as sales at its leading brand Gucci have slumped. The appointment "marks a decisive step in the evolution of Kering's governance and strengthens the Group's leadership as it enters a new phase of ...

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