Browsing Tag
Luca de Meo
5 posts
Kering plunges 16% as Gucci sales fall 6%. Can 125 store closures fix the brand?
Kering suffered its worst-ever one-day share-price decline after Gucci remained in contraction during the third quarter, intensifying pressure on Chief Executive Officer Luca de Meo to prove that product changes, pricing adjustments and faster store closures can rebuild the luxury groupâs most important brand.
Gucciâs âMade in Chinaâ sneakers test luxury pricing as Kering rebuilds flagship
Gucci has begun selling two sneaker designs labelled âMade in China,â an unusual departure from the Italian manufacturing identity attached to most of the luxury houseâs footwear. Parent company Kering says specialized Chinese manufacturing was selected for technical reasons and that Italy remains central to Gucciâs production model.
Coty (NYSE: COTY) transfers Gucci Beauty license to Kering for $400m
Coty transfers Gucci Beauty license back to Kering for $400 million, one year early. L'Oréal takes over in 2027 under 50-year alliance. COTY debt paydown ahead.
Will Keringâs $4bn beauty divestment to LâOrĂ©al revive Gucciâs fortunes and reshape luxury competition?
Find out how Keringâs $4 billion beauty sale to LâOrĂ©al could reshape the luxury landscape and redefine the future of high-end fragrances.
Renault, Geely to partner on producing HEVs for South Korean market
French automobile manufacturer Renault Group has signed an agreement with Chinese automotive group Geely Holding Group to launch…