Kering
This coverage focuses on Kering’s strategic direction and performance within the UK retail sector. Reporting includes brand developments, financial results, leadership changes, and market trends — all analysed for their impact on luxury retail operations and market positioning. The content is tailored for retail executives, brand managers, and professionals overseeing operations in the premium and luxury retail segments.
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Apr- 2024 -17 AprilNews
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, president and CEO, from 2 May. In this newly created position, Cantino will share with Palus the responsibility to define and implement the brand strategy. He joins Gucci after spending…
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12 AprilPeople Moves
Levi’s names incoming CCO
Levi’s has announced the appointment of Gianluca Flore as executive vice president and chief commercial officer, effective from 29 July. In his new role, Flore will report to president and CEO Michelle Gass and will be responsible for the commercial operations of the Levi’s brand across all global channels, including…
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Mar- 2024 -20 MarchNews
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 food inflation. The prices of bread and cereals rose slightly by 0.3% compared to a significant increase of 2.3% in the previous year, contributing to the overall decrease in food…
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20 MarchClothing & Shoes
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 first quarter, according to the group’s preliminary trading update. The Paris-based luxury group stated that this performance primarily has reflected a steeper sales drop at Gucci, notably in the Asia-Pacific…
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18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchDepartment Stores
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 as its co-owner continues to struggle with its financing, according to The Telegraph. The outlet said that the collapse of Austrian co-owner Signa has left Thailand’s Central Group searching for…
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Feb- 2024 -8 FebruaryNews
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who had previously served as chief product officer at Deliveroo and co-founded Maple, brought valuable experience to the company. Farfetch’s decision to remain silent on shareholder concerns hinted at ongoing turbulence.…
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8 FebruaryLuxury Goods
Kering revenues fall 4% in FY23 despite ‘stable’ sales
Kering, the group that operates Gucci, Yves Saint Laurent and Bottega Veneta, reported that revenues declined 4% to €19.6bn (£16.7bn) in 2023, despite “stable” sales across its network of websites and stores. The luxury fashion group has attributed its performance to the “significant” impacts from changes in exchange rates and…
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Jan- 2024 -30 JanuaryPeople Moves
Secret Sales appoints new chief technology officer
Secret Sales has announced the appointment of Anthony Farrow as the online marketplace’s new chief technology officer. The appointment comes as a strategic move by the retailer to intensify its focus on technology investments, in tandem with its expansion efforts across Europe. Prior to joining Secret Sales, Farrow held the…
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Oct- 2023 -26 OctoberNews
Today’s news in brief-26/10/23
Majestic Wines has marked a significant milestone by opening two new stores in one week, a feat not accomplished in a decade. The first store, located in Chippenham, was reopened four years after its closure by previous management. The second, the largest in Wales, is the second-largest in the company’s…
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