Gucci

Matchesfashion creditors owed £36m following collapse

Burberry, Gucci and Prada are among the creditors owed £36m following the collapse of Matchesfashion last month, the FT has…

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Today’s news in brief-24/4/24

Bérangère Michel, the executive director of finance for the John Lewis Partnership, is resigning after 16 years with the company.…

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Kering revenues dip 11% to €4.5bn in Q1

Kering’s revenues were down 11% to €4.5bn (£3.8bn) for the first quarter of 2024 as Gucci, Yves Saint Laurent and…

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Today’s news in brief-22/4/24

Investors from the Middle East and China are eyeing Selfridges following Signa’s financial struggles, leading to restructuring and insolvency. Central…

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Middle East and Chinese investors eye up Selfridges

Investors from the Middle East and China are reportedly eyeing up Selfridges amid the financial troubles of its Austrian co-owner…

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Gucci appoints new deputy CEO

Gucci has announced the appointment of Stefano Cantino as the brand’s new deputy chief executive officer, reporting to Jean-François Palus,…

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Today’s news in brief-20/3/24

UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing…

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How can the physical retail sector win its battle to survive?

It is well known that the high street is battling for survival. Insolvency statistics released this month show a 17%…

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Kering warns first quarter revenues to decline by 10%

Kering’s first quarter revenue of 2024 is likely to decline by approximately 10% on a comparable basis, from last year’s…

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Saudi PIF and Kering eye Selfridges stake

Saudi Arabia’s Public Investor Fund (PIF) and Gucci owner Kering are reportedly considering a stake in luxury department store Selfridges…

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