Kering, shares down in Paris after sales down 11 percent: Gucci weighs in (-21%) penalized by Asia
The group also expects a decline of 40-45% in the current operating result of the first half of 2024 compared to the first half of 2023
Gucci: Stefano Cantino is the new deputy CEO, the waltz of appointments in the fashion and luxury sector continues
Luxury in turmoil. After Alessandro Michele's move to Valentino, Stefano Cantino leaves Louis Vuitton and becomes number two at Gucci, in charge since May 2
Valentino: Alessandro Michele new creative director, taking over from Pierpaolo Piccioli
The former creative director of Gucci will join Valentino from April 2nd. The maison: "It's the beginning of a new journey." Alessandro Michele: "Immense joy and enormous responsibility"
Kering: 2023 revenues at -4% and net profit down by 17 percent. The moves of the French giant and why the goal is now to revitalize Gucci
Francois-Henri Pinault: “Our goal is to revitalize Gucci, taking advantage of the unique blend of craftsmanship, Italian tradition and modernity that characterizes this iconic Maison"
Art and Artificial Intelligence: 21 NFTs offered by Christie's in collaboration with Gucci
Digital art and artificial intelligence employ algorithms, modeling and data to simulate human intelligence and artistic production. NFT works auctioned online at Christie's.
Gucci: Marco Bizzarri surprisingly leaves the role of CEO of the Maison. Francesca Bellettini arrives
After eight years Bizzarri surprisingly leaves the role of CEO of the Maison. Full powers to Francesca Bellettini. Jean-François Palus becomes president and CEO of Gucci for a transitional period. Gavazza new CEO of Tom Ford Fashion
Gucci: contract renewed for 3.000 employees. After Easter, the national negotiations in the leather goods sector
The contract, an indication of the good state of health of the Made in Italy sector, could also be the basis for stipulating the national contract for the leather goods sector, say the unions. The national negotiations will open on April 13th
Gucci: analysts reject Michele's exit which could trigger a period of uncertainty for Kering
Analysts have doubts about the recovery of the Kering brand, which is already suffering. A successor to the imaginative designer Michele doesn't seem on the horizon. A few brands to buy could help, but the situation does not seem easy
Kering pays the Italian tax authorities over 186 million in taxes evaded by Bottega Veneta
The same scheme applied to the Italian subsidiary Gucci in 2019 which three years ago led it to a record payment of 1,25 billion to the tax authorities - Two Swiss subsidiaries in the crosshairs
Kering surpasses pre-pandemic sales and proposes a maxi dividend of 12 euros. Fly the Gucci brand
The stock soars on the Stock Exchange driven by the boom in revenues and the sharp increase in profit. Gucci turnover increases and exceeds 2019 levels, YSL and Bottega Veneta do well
From Nike to Moncler and BMW: hunting for gifts in the Metaverse
More and more companies are investing billions to enter the Metaverse, a world where everything is now found: from art to fashion to meta-factories
Fashion goes digital and its profits will be stellar
Fashion is preparing to enter the virtual world of Metaverse and NFTs and Morgan Stanley calculates that its profits could grow by 25%
Luxury: Gucci pushes Kering down Moncler in Piazza Affari
The French giant sees profits explode (+442,6%) above all thanks to the great performance of the Italian brand, which has already returned to pre-pandemic levels
Intesa Sanpaolo with Gucci for the green transition of the supply chain
Based on the agreement with the banking group led by Carlo Messina, companies in the Gucci supply chain will be able to benefit from easy access to credit and start their own path of industrial evolution from a sustainable perspective in line with the objectives…
Made in Italy supply chains: the help of Gucci and Intesa Sanpaolo
The commitment of the fashion house and the leading Italian bank continues, after the "We Are All in This Together" fundraiser launched in March for the Civil Protection: this time it's up to businesses, which will have more agile financing.
FCA and Gucci in the field against Covid-19: they will produce masks
FCA has decided to convert one of its factories in Asia into the production of masks - Gucci will produce one million for the Tuscany region
Kering, revenues fly thanks to Gucci: the dividend rises
Gucci drives the sales of the French giant which in 2019 achieves double-digit revenues - Profit drops due to the Italian fine, but ebitda soars - Stock rally in Paris
Bags, Christmas truce and Moncler in Gucci's sights
A positive end of the year is looming for the stock markets in view of a first, albeit partial, agreement on duties between the USA and China - The Ftse Mib is back above 23 thousand - Kering (Gucci) aims at Moncler: Ruffini will say…
From Gucci to Google: the State coffer grows thanks to the big names
There are several big names on the Web, but not only those who have decided to negotiate with the Italian taxman. From 318 million from Apple to 100 from Amazon up to the Kering group
Kering, close agreement with the tax authorities on Gucci: it will pay 1,4 billion
The agreement refers to an alleged evasion carried out on Gucci brand products between 2010 and 2016 - The agreement should be signed in early May - Kering: "There is no specific figure"
Top Brand Italy: Gucci leader and Generali first financial company
The luxury brand is by far the one with the highest Brand Value, according to the analysis by Brandz TOP30 Most Valuable Italian Brands - Tim and Enel on the podium - Generali Italia is the only insurance company in the top 15.
Borsa, Europe in red but luxury flies and Stm shoots
The rise in the yields of US Teasury bonds weighs on the lists, pending tomorrow's ECB meeting. Spreads at lows with the Bund falling. Among the industrialists, Cnh and FCA pay duty to the alarm of Caterpillar. Weak Mediaset, down…
Most valuable Italian brands: Gucci commands, Generali Italia in the top 10
On the podium of the ranking drawn up by BrandZ TOP100 Global Ranking also Tim and Enel: then mainly food and luxury, with the insurance company finishing ninth and being the only financial brand in the top ten.
Richard Ginori is safe, agreement with the banks: guaranteed employment
By the beginning of 2018 the definitive transfer of ownership to Gucci. Solved, also thanks to the intervention of Calenda, the node on the land where the historic Sesto Fiorentino plant stands, until now owned by Unicredit, Pop Vicenza, doBank and…
Ginori porcelain in the Gucci Décor collection
Richard Ginori, the famous Italian company active in the high-end artistic manufacturing of porcelain, has been chosen by Gucci as a partner for the creation of a series of original porcelain objects from the new Gucci Décor collection.
Kering: with Gucci more profits and the dividend rises
Luxury, Kering closes 2016 on a high note. The French group (Lvmh's rival) closed the year with sharply growing revenues and operating profit, so much so that the board of directors intends to propose an increase in the dividend to the shareholders' meeting. The revenues, we read in a…
Luxury: Kering flies with Gucci
The shares of the French luxury group rise sharply on the Paris Stock Exchange after the quarterly data. Revenues up 10,5% at constant exchange rates. Among the brands of the group, Gucci should be noted, which increased its…
Kering relaunches Gucci: revenues better than expected
The maison's turnover returned to growth in 2015, approaching 4 billion euros - Bottega Veneta, another subsidiary of the French multinational, also did well: operating profit up 17,3%.
Ribaltone Gucci: via creative director and CEO
Change at the top for the Italian maison: the creative director Frida Giannini and the CEO Patrizio di Marco leave, who will be replaced by Marco Bizzarri.
Luxury: Kering's profit collapses, Gucci slows down
In 2013, the French luxury giant saw its net profits fall to 50 million euros, against 1,048 billion in 2012 - Gucci, which is worth more than half of the group's capitalization, has suffered a new slowdown in…
Because in Italy there is no Lvmh
The acquisition of Loro Piana by the French giant LVMH has aroused the usual nationalistic reactions in our country, but why has no financial-industrial center capable of carrying out similar operations in the luxury sector ever been born in Italy? - Here you are…
Richard Ginori, agreement reached between Gucci and the unions
The plan envisages 230 hirings and at least 47 workers re-employed in manufacturing ancillary services - Now the workers' assembly will decide on the hypothesis of an agreement.
Gucci buys Richard Ginori for 13 million
The provisional award is scheduled for 15 pm today, while the definitive one will take place after the signing of the union agreement - The agreement will have to provide for the reabsorption of 230 employees out of 305, a condition precedent set by the fashion group to complete the purchase .
Richard Ginori: Gucci offers 13 million euros and promises to keep 230 employees out of 302
The leading group in the luxury sector has presented a bid for Richard Ginori, now in bankruptcy. "The offer aims to protect and relaunch a historic brand of Florence, which has always been synonymous with quality and craftsmanship" reads the…
Gucci and Prada, the Antitrust obscures two sites of counterfeit products
The authority gave two days to the Chinese operators owning the two domains to block the two sites on Italian territory where counterfeit products are marketed: www.gucciooutlet-italy.org and www.pradaborselinea.com.
Mediobanca R&D – Fashion, but what crisis? Profitability goes up
MEDIOBANCA R&D SURVEY - Five groups (Zegna, Ferragamo, Prada, Tod's and Armani) achieved double-digit increases in both margin and turnover - Downturns for D&G and Benetton - Miroglio reported a negative industrial margin in 2011…
Gucci, the best known Italian brand in the world
In the ranking drawn up by Interbrand, among all the Made in Italy brands, the Florentine maison keeps the name of the country high - Compared to the international brands Gucci is in 38th position - Coca Cola, Apple and Ibm on the podium.
Luxury, Ppr: profit in the first half of 2012 soars to 477 million euro (+6%)
The French group chaired by Pinault, which also controls the Gucci luxury hub, boasted sales of 6,38 billion euros, up 16,7%.
Ppr, 2011 growing thanks to Gucci
The Florentine maison increased its sales by 18,7% and achieved a record operating margin: 30,2% - Excellent results also for Bottega Veneta - The two Italian companies have led the French giant's revenues to grow…