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Benzinga
Benzinga
Business
Bibhu Pattnaik

Luxury Labels Lose Their Luster Amid Changing Vibes, Gucci Sales Plunge 25% and LVMH Disappoints

Gucci LVMH Luxury Louis Vuitton Bernard Arnault Kering
Bologna,,Italy,-,October,6,,2024:,Gucci,Bag,And,Pumps

Luxury brands are grappling with a significant sales slump, raising concerns over the long-term structural attractiveness of the industry.

What Happened: Last week Kering disclosed a less-than-expected Q2 2025 performance, with a 15% YoY drop in sales to $4.27 billion. This falls short of the €3.96 billion predicted by LSEG analysts.

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