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The Latest Breaking News from Kering

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

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

Benzinga

Gucci Owner Kering Posts 46% Profit Slump Before New CEO Arrives

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing.

International Business Times

Demna To Bow Out At Balenciaga In Paris Haute Couture Week

After 10 years at Balenciaga, provocative Georgian showman Demna is to take a final bow during Paris Haute Couture Week, which began on Monday with a star-studded show by Schiaparelli.

International Business Times

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Renault reports nearly €10 billion non-cash loss due to Nissan stake

The French carmaker said it would change the way it accounts for its stake in its long-term Japanese partner, based on Nissan’s share price.

Euronews

Secrets and longing surface as Saint Laurent menswear parades at Pinault’s art palace

It-designer Anthony Vaccarello has sent out a Saint Laurent men’s collection that felt both sun-drenched and haunted, set not just in the heart of Paris, but drifting somewhere between the city and the legendary queer enclave of Fire Island in New York

The Independent UK

Saint Laurent’s Paris fashion week show takes audience on a holiday to Fire Island

Sunglasses and bright colours dominated a beach-ready collection, as director Anthony Vaccarello namechecked artists who documented LGBTQ+ life

The Guardian - UK

Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

Global sales of personal luxury goods are projected to slide by 2% to 5% this year

The Independent UK

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What Renault boss Luca de Meo's exit means for Alpine F1 team

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the Covid-19 pandemic. On his way to turning that around to a €4.26billion operating…

Motorsport

What Renault boss De Meo's exit means for Alpine F1 team

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the COVID-19 pandemic. On his way to turning that around to a €4.26billion operating…

Autosport

Starmer Stands Firm on PIP Cuts Despite Backlash from Labour Ranks

Despite escalating criticism from within his party, Prime Minister Keir Starmer has confirmed that proposed reforms to Personal Independence Payments (PIP) will proceed as planned.

The Fashion Central

Katie Price Unveils ‘Bigger and Bolder’ Look in Ibiza Poolside Debut

Katie Price has left fans gobsmacked with her latest body transformation after showing off the results of another cosmetic procedure while partying in Ibiza.

The Fashion Central

Kering Appoints Renault Boss Luca de Meo as CEO to Revive Gucci

French luxury group Kering has tapped Luca de Meo, the outgoing chief executive of Renault, to become its next CEO in a bold bid to revive Gucci

The Fashion Central

Shock at Renault: Shares plunge as CEO reportedly departs to Gucci-owner Kering

In a surprise move, French carmaker Renault Group’s CEO Luca de Meo announced his departure on Sunday. The company’s shares tumbled by nearly 7% on Monday, following the news.

Euronews

Struggling Gucci Owner's Shares Soar Over New CEO Reports

Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group.

International Business Times

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Al Jazeera

Fashion brands accused of shortcuts on climate pledges overlooking workers

A new report accuses fashion giants of not considering the welfare of workers affected by climate change.

Fortune

Kering booted from Europe’s premier blue-chip index as defense giant Rheinmetall boosted by the continent’s war footing

Rheinmetall’s shares have surged 250% in the last year, while Kering's have fallen by 47%.

TechRadar

Here's what we know about the 5 Android XR smart glasses currently in development

Samsung, Xreal, Gentle Monster and 2 others are working on Android XR glasses, here's what we know.

The Guardian - AU

Balenciaga names Pierpaolo Piccioli creative director as fashion houses’ creative upheaval continues

Piccioli’s appointment comes after the departure of controversial former creative director Demna in March

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The Independent UK

Pierpaolo Piccioli takes over at Balenciaga from disrupter Demna

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

Evening Standard

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?

The Guardian - UK

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

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 Fashion Central

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

BANG Premier

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.

Euronews

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.

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