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The Latest Breaking News from Kering

Pierpaolo Piccioli takes over at Balenciaga from disrupter Demna

Pierpaolo Piccioli is the new creative director of the iconic fashion house Balenciaga

The Independent UK

So what’s really going on at Stella McCartney?

A £25m loss, the closure of the Bond Street flagship — all is not well at the designer’s trailblazing label. But can she turn things around?

Evening Standard

Gucci goes alfresco in Florence as it awaits rebirth under buzzy new creative boss

Struggling label produces upbeat parade of greatest hits on home turf while Demna completes stint at Balenciaga

The Guardian - UK

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Burberry may cut 1,700 jobs globally to reduce costs as profits fall

Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 170 posts

The Guardian - UK

Nicole Kidman to receive Kering's 2025 Women In Motion Award

Kering, the luxury conglomerate, and the Festival de Cannes will bestow the 2025 Women In Motion Award upon Nicole Kidman, recognizing her significant contributions to cinema and her advocacy for female representation

The Fashion Central

Demna to deliver 'hint' of new Gucci collection in September

Demna will deliver the first “hint” of his Gucci creations in September, according to Kering executive Francesca Bellettini.

BANG Premier

European markets eye historic rally following Trump’s tariff pause

European markets soared after Trump paused tariffs for nations that didn’t retaliate. Investors welcomed the easing trade stance, with major indices across the continent posting their strongest performance in years.

Euronews

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Europe’s luxury players face a path-defining twist with Trump’s tariffs. But only a handful of them will suffer the worst impact

Luxury companies face harsh short- and medium-term impacts from the new tariffs, analysts warn.

Fortune

Kering's shares tumble 10% as investors mull over Gucci's new artistic director. But the 'iconoclast' might be what the brand needs

“Demna has a strong viewpoint ... which is the secret sauce for a brand like Gucci,” Bernstein SG analyst Luca Solca said.

Fortune

Demna taking over at Gucci

Demna is taking over as artistic director of Gucci.

BANG Premier

Demna is Gucci's new artistic director

He has headed up Balenciaga since 2015

Marie Claire

Georgian Designer Demna Leaves Balenciaga For Gucci

Georgian designer Demna is leaving Balenciaga after a decade to become artistic director of Gucci, the French parent company of both brands, Kering, said Thursday.

International Business Times

Gucci names Demna new aristic director, as he moves from Kering sister brand Balenciaga

Gucci has announced that the Balenciaga artistic director Demna, who goes by one name, will take over the creative direction of the Italian luxury fashion house starting in July

The Independent UK

Fashion's bloody secret: How luxury fell back in love with real fur and crocodile skins

Despite the bans and the rise of faux fur, it looks like fashion is falling in love with the real thing all over again

Evening Standard

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Fortune

China’s wealthy shoppers have adopted a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty

After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.

Fortune

Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

“Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.

International Business Times

Gucci Owner Kering's Annual Profit Plunges

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

Fortune

Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?

Turning Gucci around is crucial to Kering as it “can no longer afford to get it wrong,” an expert told Fortune.

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International Business Times

Gucci Dumps Design Chief After Revenue Plunges 25%

Gucci's parent company, Kering, announced on February 6th that creative director Sabato De Sarno will depart after less than two years in the role.

International Business Times

Gucci Ousts Chief Designer De Sarno After Sales Slump

Luxury giant Gucci announced Thursday it was parting ways with its chief designer Sabato De Sarno following a sales slump, in the latest shakeup at a major European label.

The Conversation

How ‘dupes’, fast fashion and China’s economic slowdown spell disaster for the luxury sector

Alarm bells are ringing across the high-end sector. 2024 did not end as luxury brands had hoped, and the figures published by the sector’s main conglomerates painted a picture of slowdown and some signs of exhaustion during the last quarter of 2024.

Fortune

Overdone price hikes, the demise of ‘quiet luxury,’ and sluggish European tourism—here's what Bank of America expects will shape luxury in 2025

“We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

Fortune

Gucci will need to make a comeback under its new CEO—and it won't be the first time for the languishing Italian luxury brand

Revenues at Gucci, Kering's biggest money maker, plunged 26% in the third quarter as a prolonged sales slump continues.

Marie Claire

Louise Trotter is Bottega Veneta's new Creative Director - here's why Bottega fans should be excited

The British designer will take over from Matthieu Blazy in January

Fortune

Wooing the luxury consumer

‘Tis the season for luxury retail but giants like LVMH and Kering have been struggling while brands like The Row and Hermès continue to do well.

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