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Kering is reinforcing its corporate team in Greater China in order to adapt to the fast-changing business environment in this market, which has been continuously growing in importance for the luxury industry since Gucci opened its first store in China in…
Fashion giant Kering’s decision to focus the business on luxury appears to be paying off. In what chairman and CEO Francois-Henri Pinault termed “dazzling top-line and earnings performances” during the first half year, total revenue rose 33.9 per cent on a…
After more than twenty years of operation, Tomas Maier is no more. The luxury fashion label, founded in 1997 by the German designer of the same name, will cease operations by year-end. French luxury conglomerate Kering, which acquired the women’s wear brand…
Kering is announcing that discussions are underway with Mr. Christopher Kane about the conditions in which the British designer could take back full control of the eponymous brand. In 2013, Kering had acquired 51% of the brand created by Christopher Kane in…
Gucci has its finger right on the pulse of the fashion industry, as its latest initiative, Gucci Equilibrium, solidifies its position as a sustainable, responsible as well as highly-desirable luxury fashion house. Today, on World Environment Day, the Italian…
Kering sales rocketed 36.5 per cent in the first quarter of this year, reaching €3.108 billion (US$3.8 billion), led by Gucci’s staggering 48.7 per cent improvement. “Kering maintained its outstanding sales momentum in the first quarter,” said Kering chairman…
Kering is selling its 50 per cent stake in fashion label Stella McCartney back to the namesake designer after a 17-year partnership. The news follows a report last month revealing that a formal transition process was already in motion with an announcement…
After a 17-year partnership, French luxury group Kering is selling its 50 percent share of Stella McCartney back to the namesake designer. The public announcement, originally slated for early January 2018, is imminent, according to a source with first-hand…
In a “phenomenal” result, global luxury group Kering had record operating revenue last year, driven in large part by the popularity of Gucci. Kering’s income totalled €15.4 billion (US$19 billion), up 25 per cent as reported or 27.2 per cent on a comparable…
Luxury fashion brand owner Kering says it will sell off the majority of its Puma stake. Under the plan, Kering will reduce its 86 per cent holding in the German athletics-wear label to 16 per cent, the remaining 70 per cent of stock distributed proportionally…
Jewellery retailer Cartier has teamed with Kering Eyewear for its latest eyewear collection. Presented at the Silmo International Optics and Eyewear Exhibition in Paris, it marks the official start of the companies’ licensing agreement. Described as…
Luxury brand and sportswear retailer Kering has reported first-half consolidated revenue up 28.2 per cent to €7.296 billion. Kering revenues in Asia-Pacific, (excluding Japan), soared 34.4 per cent and that market now accounts for 28 per cent of the group’s…
French luxury goods brand Hermes made a record net profit last year of €1.1 billion (US$1.19 billion), doing “better than we expected”, according to CEO Axel Dumas. “We are entering this year on a solid base, but remain cautious in view of an uncertain…
Rebounding luxury goods sales in Mainland China and improvements in Hong Kong have boosted third-quarter Hermes results. Analysts are pointing to these and last week’s strong Kering numbers in tipping the worst may now be over for both luxury markets. Hermes…
Luxury goods and apparel giant Kering has reported a 10.5 per cent global rise in revenues in the latest quarter, with luxury sales up 11.3 per cent and sports and lifestyle brands up 9.3 per cent. Most significantly, at a time its peers are battling falling…
Alibaba is tightening the rules for traders selling luxury goods on its popular online platform Taobao. It’s one of several measures in the ramping up of the Alibaba fake fight, which is being conducted in conjunction with Washington, DC-based International…
