FORGOTTEN HISTORY: 7 - Caught on Camera

Is Alessandro Michele leaving Gucci?

The fashion industry is a awash with rumours the creative director could be on his way out. So what’s next for the brand?

Evening Standard · Nov 23, 2022

Luxury goods boom in Britain as super-rich youngsters buck the recession

Rich kids of Insta use strong dollar to fuel sales of brands such as Burberry, Louis Vuitton and Gucci

The Guardian - UK · Nov 20, 2022

‘We like anything with the Harrods name on it’: luxury brands report booming sales

Luxury goods firms report bumper profits as richest customers remain largely untouched by economic crisis

The Guardian - UK · Nov 18, 2022

Kanye West dumped by major fashion chain after string of major outbursts

French fashion house Balenciaga has announced it will be cutting ties with Kanye West amid his ongoing controversies, just weeks after he opened their Paris Fashion Week show

Daily Mirror · Oct 21, 2022

Kering Sales Rise 14% in Third Quarter but Gucci Lags

French luxury group Kering said sales in the third quarter increased by 14%, driven by a strong showing in Europe, although revenues at its star label Gucci lagged the overall growth. Luxury giants have been brushing off concerns that the industry's post-pandemic boom could be cooling due to a looming…

Asharq Al-Awsat · Oct 20, 2022

Gucci’s Sales Growth Eases in Q2 as China Lockdowns Weigh

Gucci's sales growth eases in Q2 as China lockdowns weigh Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market. Overall sales for Kering,…

Asharq Al-Awsat · Jul 27, 2022

Gucci and Balenciaga owner enters the metaverse with KNXT project

So far, Kering’s project offers multiple digital drops to be tested by consumers online.

Input · Jul 22, 2022

Luxury goods market on a high, despite conflict, pandemic

Global luxury brands have posted strong results for the first quarter of this year despite global hardships including the conflict in Ukraine, inflation and Covid restrictions in Asia. This comes on the back of an exceptional year in 2021.

Radio France Internationale · Apr 24, 2022

Gucci in Focus as China Lockdowns Weigh on Kering Q1 Sales

Disruptions from COVID-19 lockdowns in China cast a cloud on forecast-beating first-quarter sales from Gucci owner Kering on Thursday, even as the group pointed to sustained demand from the United States and Western Europe for its high-end fashion and leather goods labels. Group sales for the three months ending in…

Asharq Al-Awsat · Apr 23, 2022

Kering to Pay 187 Mln Euros to Settle Bottega Veneta Tax Dispute

French luxury goods group Kering agreed to pay almost 187 million euros ($207 million) to settle a dispute with Italian tax authorities centered on its fashion brand Bottega Veneta, three sources with direct knowledge of the matter said on Friday. Kering confirmed the outlines of the settlement, without giving the…

Asharq Al-Awsat · Apr 1, 2022