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The Latest Breaking News from Kering

Paris (AFP) - After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.

AFP

Gucci Slump Pushes Kering Sales Down 7% in Q4

Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci reflecting COVID-19 disruptions in China. Gucci's revenue fell 14% on a comparable basis to 2.73 billion euros ($2.92 billion) to lag an analysts' consensus for an…

Asharq Al-Awsat

Kering Recruits Estee Lauder Exec for Push into Cosmetics

French luxury goods group Kering said on Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segment. "We are building this new area of expertise within our Group to ensure that our…

Asharq Al-Awsat

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Italian De Sarno appointed Gucci creative director

Paris (AFP) - Italian Sabato De Sarno has been appointed creative director at Gucci, the luxury label and parent group Kering announced on Saturday.

AFP

Sabato De Sarno named new Gucci creative director

Italian designer Sabato De Sarno has been named the new creative director of Gucci, and will unveil his first collection during Milan Fashion Week next September, Gucci and parent company Kering announced Saturday

The Independent UK

Kering Appoints de Sarno as Gucci Creative Director

French luxury giant Kering appointed Sabato de Sarno as creative director of its star brand Gucci, it said on Saturday. De Sarno began his career at Prada in 2005, moving to Dolce & Gabbana, before joining Valentino in 2009, where he held several positions before being appointed fashion director overseeing…

Asharq Al-Awsat

Gucci Hits Runway as Fashion World Awaits New Designer

Gucci kicked off Milan fashion week on Friday with a lineup of slouchy, androgynous menswear styles, forging ahead with its latest collection while the industry waits for owner Kering to name a new designer for the label. French luxury group Kering faces pressure to quickly find a replacement following the…

Asharq Al-Awsat

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Harry Styles, Gucci, a teddy-bear shirt and a mattress: What could go wrong? Plenty

Just weeks after luxury fashion brand Balenciaga caught heat for recent ad campaigns, parent company Kering is in hot water again. This time Gucci is facing criticism for ads that critics allege sexualize children.

Los Angeles Times

Harry Styles advert for Gucci sparks fresh row after Balenciaga campaign scandal

An ad campaign from Kering-owned Gucci is facing backlash just weeks after a similar controversy over Balenciaga ads featuring children

The Independent UK

Gucci ad starring Harry Styles in teddy bear shirt sparks backlash amid Balenciaga campaign criticism

An ad campaign from Kering-owned Gucci is facing backlash just weeks after a similar controversy over Balenciaga ads featuring children

The Independent UK

Balenciaga apologises for ads featuring bondage bears and child abuse papers

Brand admits ‘grievous errors’ after backlash to campaigns that included images of children holding BDSM teddies

The Guardian - UK

Balenciaga’s reputation in tatters after ‘creepy’ photo shoot

Celebrities are under pressure to part ways with Balenciaga amid controversy over the fashion house's official holiday campaign.

The New Daily

Out of Fashion: Gucci Faces Daunting Task to Replace Top Designer

The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favorite of Harry Styles and Lady Gaga, increases pressure on owner Kering (PRTP.PA) as it faces slowing revenue growth at the Italian fashion house. News of the creative director's exit after seven years comes as Kering…

Asharq Al-Awsat

Inside Alessandro Michele’s Gucci

As Michele steps down as Gucci’s creative director, Isobel Van Dyke charts how he went from in-house accessories designer to conductor of fashion’s Italian renaissance

Evening Standard

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WEKU

Alessandro Michele is stepping down as Gucci's creative director

Alessandro Michele is stepping down as Gucci's creative director, the company announced Wednesday. Michele, who has been with Gucci for 20 years, entered the role in 2015.

The Guardian - UK

Alessandro Michele leaves Gucci after seven years as creative director

Designer reignited excitement around the luxury Italian fashion house and almost tripled revenue during his tenure

The Independent UK

Alessandro Michele shares cryptic statement after stepping down as Gucci’s creative director

Alessandro Michele is leaving his role as creative director of the Gucci, the fashion house announced Wednesday, bringing an end to an eight-year tenure that sharply redefined Gucci’s codes with romanticism and gender-fluidity, all the while powering revenues for the Kering parent

AFP

Gucci parts ways with star designer Michele

Paris (AFP) - Italian designer Alessandro Michele on Wednesday left Gucci, where he has overseen a surge in sales at the fashion powerhouse since 2015 but seen his star fade in recent seasons.

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Asharq Al-Awsat

Gucci’s Creative Director Michele to Step Down

Creative director Alessandro Michele is leaving Kering's star label Gucci after seven years, two sources said on Wednesday, with his departure following tensions between him and Kering's senior management, one of the sources said. They said the French luxury group is expected to confirm the departure of Michele, a former…

Evening Standard

Is Alessandro Michele leaving Gucci?

The fashion industry is a awash with rumours the creative director could be on his way out. So what’s next for the brand?

AFP

Gucci set to part ways with star designer Michele: report

Paris (AFP) - The Italian designer Alessandro Michele is set to leave Gucci, where he has overseen a surge in sales at the fashion powerhouse since 2015 but seen his star fade in recent seasons, according to a report in industry bible Women's Wear Daily on Wednesday.

The Guardian - UK

Luxury goods boom in Britain as super-rich youngsters buck the recession

Rich kids of Insta use strong dollar to fuel sales of brands such as Burberry, Louis Vuitton and Gucci

The Guardian - UK

‘We like anything with the Harrods name on it’: luxury brands report booming sales

Luxury goods firms report bumper profits as richest customers remain largely untouched by economic crisis

The Guardian - AU

Fashion brands grapple with greenwashing: ‘It’s not a human right to say something is sustainable’

While business imperatives for making sustainability claims are clear, being able to prove them has become a stumbling block for the industry

Fortune

Balenciaga becomes the first major brand to delete its Twitter account

Fashion house Balenciaga has become the first brand to delete its Twitter account since the Musk acquisition.

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