Gucci news and archive

Kering forecasts sharp decline in H1 operating profit

Kering Group’s first quarter revenue of 4.5 billion euros, declined 11 percent as reported and 10 percent on a comparable basis. The company said in a statement that revenue from the directly operated retail network fell 11 percent on a comparable basis, as a result of lower store traffic. Revenue in the wholesale and other segments was also...

Fashion

Gucci to show Cruise collection at Tate Modern in London

Gucci has announced that its Cruise 2025 show will be held at London's Tate Modern on May 13. Creative director Sabato De Sarno, who took over the luxury brand's helm in January last year, will present his first cruise collection in this iconic venue. London follows in the footsteps of Seoul, where Gucci showed it previous Cruise collection at...

CultureFeatured

Milan Design Week is dominated by fashion takeovers

Milan's annual Salone del Mobile furniture and interiors fair has transformed into the premier global design destination. Against the vibrant backdrop of Italy's fashion capital, a plethora of brands and retailers across the design spectrum offer unparalleled experiences, collaborations, activations, events, and, of course, soirées, transforming...

Fashion

Fashion meets furniture: Milan's Design Week extravaganza

Milan Design Week may have the spotlight directed at all things furniture, interiors, lighting and design, but fashion brands have increasingly joined the fray, showcasing their collaborative collections alongside other design icons. Demonstrating this trend is the Milano Moda Design calendar curated by the National Chamber of Italian Fashion,...

Business |In Pictures

Milan Design Week: Five ‘icons of Italian design’ get Gucci Ancora update

Adapted iterations of five iconic Italian design pieces have been unveiled at Gucci’s flagship store on via Monte Napoleone, Milan, where this year’s design week is currently underway. From April 15, an exhibition at the location, conceived by Spanish architect Guillermo Santomà, will house the objects that “represent the golden age of Italian...

Business

From JW Anderson to Thom Browne: What to look out for at Milan Design Week

In what has been established to be an event that merges fashion and design, Milan Design Week returns to the Italian fashion capital alongside the Salone del Mobile, running from April 15 to 21, during which time a curation of home collections by fashion brands will be showcased. Over the course of the week, 33 brands with 44 appointments will...

People

Kering appoints new deputy CEO for Gucci

The Italian luxury goods group Kering has appointed Stefano Cantino to the role of deputy chief executive officer at Gucci. Cantino will take up his new position on 2 May and will report to Gucci CEO Jean-François Palus, the Italian fashion house announced on Thursday. In this newly created position, Cantino will share responsibility with Palus...

People

Former Gucci CEO Marco Bizzarri invests in Elisabetta Franchi

A good six months after his departure as Gucci CEO, Marco Bizzarri's next steps are now certain. Bizzarri is investing in luxury fashion brand Elisabetta Franchi, as the businessman revealed in an interview with the industry magazine WWD. The former Gucci CEO is acquiring 23 percent of the Italian fashion house through a private holding company...

Business

Gucci sales down 20 percent in first quarter after slowdown in Asia

Gucci’s sales have taken a tumble in the first quarter of 2024, falling 20 percent according to Kering’s forecasts. The transition of the house under a new creative director and commercial strategy required a phasing in of new product as well as updating store design. Kering said early customer response to Sabato De Sarno’s new Gucci was largely...

Culture

Who is Sabato De Sarno? Apple and Gucci take a look behind the scenes with a documentary

When Gucci announced its new creative director and Alessandro Michele's successor, one question was on everyone's lips: Who is Sabato De Sarno? Almost a year and two collections later, the Italian fashion house has now answered the question with the 20-minute documentary 'Who is Sabato De Sarno? A Gucci Story', which puts the spotlight on the...

People

Kering board to nominate appointment of three new independent directors

Kering’s board of directors will propose the appointment of three new independent directors, Rachel Duan, Giovanna Melandri and Dominique D’Hinnin, at the annual general meeting on April 25, 2024. Rachel Duan, a Chinese national, the company said in a release, held several senior leadership roles in the United States, Japan and China during her...

BusinessFeatured

Kering: Holiday quarter revenues slide 6 percent

Luxury conglomerate Kering’s 2023 revenue amounted to 19.6 billion euros in 2023, a decrease of 4 percent as reported and and down 2 percent on a comparable basis. In the fourth quarter, revenue was down 6 percent as reported and down 4 percent on a comparable basis. “In a trying year for the group, we strengthened our organisation and took...