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The Latest Breaking News from Kering

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

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.

Al Jazeera

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%.

Fortune

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read the most diverse news in one place.

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.

TechRadar

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

The Guardian - AU

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

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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 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

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

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BANG Premier

Demna taking over at Gucci

Demna is taking over as artistic director of Gucci.

Marie Claire

Demna is Gucci's new artistic director

He has headed up Balenciaga since 2015

International Business Times

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.

The Independent UK

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

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news in one place.

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Evening Standard

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

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.

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.

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