Kering shares sink 9% after profit warning on declining Gucci sales

The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom.  Mike Kemp | In Pictures | Getty Images Shares of French luxury group Kering sank more than 9% at open on Wednesday, after the company warned it expects a sharp downturn in first-half profits as a result of waning demand for its … Read more

Kering issues luxury profit warning, Gucci sales to plunge 20%

A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023.  Bloomberg | Getty Images Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining … Read more

How ‘quiet luxury’ is subtly taking over investor portfolios

VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more