In a report on Kering's investment grade credit rating, S&P analysts highlighted weakening consumer demand for the French ...

Gucci sales, which make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.

Kering, the owner of Gucci, on Tuesday reported lower second-quarter financial returns than what was expected, pointing to ...

Gucci owner Kering , reported on Tuesday a 15% drop in quarterly revenues, falling short of market expectations, with its ...

Gucci accounts for about half of Kering’s sales and two-thirds of operating profits. A turnaround at the brand has stalled ...

The French luxury group on Tuesday booked revenue of $4.29 billion for the second quarter, 18% lower than in the prior-year ...

Gucci sales plunged as shoppers turned away from Kering SA’s largest brand that’s undergoing a second design revamp in three ...

About 1,000 unionized Gucci employees are threatening to strike over unpaid welfare bonuses promised by parent company Kering ...

Kering SA is set to award a €20 million ($22.8 million) sign-on bonus to Luca de Meo when he takes over as chief executive ...

Gucci sales fell 10.3% in the quarter on a comparable basis, when analysts had expected a 4% drop, sending Kering shares tumbling just over 7% at 0910 GMT.

Bernstein also downgraded Gucci’s full-year 2024 growth expectations to 2 percent from 6 percent. Kering shares were broadly flat, closing at 421 euros in trading on Wednesday.