Kering reports 12 percent decline in revenue for 2024

Luxury group Kering reported a 12 percent drop in revenue for 2024, totaling 17.2 billion euros, marking a year under pressure for the company. Recurring operating income plummeted 46 percent to 2.55 billion euros, while net income attributable to the group fell 62 percent to 1.13 billion euros. These results reflect a challenging macroeconomic environment, weaker demand for some of its flagship brands, and an ongoing strategic transformation.