French luxury group Kering achieved a 36.5 % turnover increase in its first quarter as Gucci took full advantage of a 90’s revival among young consumers: the luxury brand is “hot” among teens and saw its turnover climb 48.7 %.
Fashion brand Gucci will no longer use fur in its clothing and accessories, as CEO Marco Bizzarri promised during his Kering Award for sustainable fashion acceptance speech for the London College of Fashion.
Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon.
French luxury company Kering had a poor first quarter, in which its performance did not meet expectations. French fashion brand Yves Saint Laurent performed best, while Bottega Veneta had a very poor spell.