Kering

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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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…

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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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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…

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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)…

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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…

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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…

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Kering Q3 revenues fall 13% amid cooling luxury demand

Kering Group, the owner of luxury brands Gucci, Yves Saint Laurent and Bottega Veneta, revealed that group revenues were down…

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Kering appoints Armelle Poulou as CFO

Kering has announced the appointment of Armelle Poulou as its new chief financial officer, effective September 1, 2023. Poulou joined…

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Kering acquires 30% stake in Valentino

Luxury fashion house Kering has entered into a binding agreement for the acquisition of a 30% shareholding in Valentino, for…

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