French luxury concern Kering has published a series of guidelines to guarantee the humane treatment of animals in its supply chains.
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French luxury group Kering is rumoured to settle an Italian tax dispute for 1.3 or 1.4 billion euros, closing a case of alleged tax evasion by its subsidiary Gucci.
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French luxury icon families Arnault (LVMH) and Pinault (Kering) are springing to the aid of Notre-Dame in Paris, which has been damaged by fire. Together they have already donated 300 million euros for the reconstruction of the iconic cathedral.
French luxury group Kering has had a spectacular 2018: the parent holding of Gucci and other luxury brands increased its turnover by 29.4 % and net profits even doubled. Still, there are dark clouds on the horizon: the company is facing a multi-billion euro fine.
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 %.
French luxury group Kering proved to be very successful in 2017: its turnover grew 25 % and its net profit more than doubled compared to the year before.
French luxury group Kering will get rid of 70 % of German sports brand Puma’s shares and wants to turn its attention to its luxury brands. Puma does not fit into that category.
The Italian police raided Gucci’s offices in Milan and Florence, looking for evidence of tax avoidance. The fashion label admitted there was an investigation and that it is fully cooperating.
French luxury group Kering has trumped analysts’ third quarter expectations, mainly thanks to Gucci’s strong performance. Like-for-like turnover grew more than 25 %.
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.
French luxury group Kering has decided to drop a case against Chinese Alibaba regarding the sale of counterfeit items. Both companies will now join forces to combat counterfeit sales.
Luxury group Kering published record results for its first half of the year: turnover grew nearly 30 % and net profit skyrocketed 77.6 %. Particularly its luxury brands performed well.
Fashion label Stella McCartney introduced a new store formula in Paris, focused on sustainability. The brand wants to open new stores in Florence, Los Angeles and New York in the summer.
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.
French luxury group Kering has sold yet another sports brand: snow glass brand Electric. Last year, Kering already sold shoe brand Tretorn and there are rumours saying it will also cast Puma aside.