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- 2021 -22 AprilLuxury Goods
Kering’s Q1 revenues return to pre-pandemic levels
Luxury fashion group Kering has revealed that its revenues for the first quarter of the year have returned to pre-pandemic levels as consolidated revenues spiked 25.8% year-on-year. Kering claimed that the growth was driven by an uptick in sales of 83% in Asia-Pacific and 46% in North America. Moreover, online…
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Mar- 2021 -3 MarchClothing & Shoes
Kering backs Vestiaire Collective in £154m investment round
Vestiaire Collective, a global platform for second-hand fashion, has announced the completion of a £154m investment round, backed by Gucci’s owner, Kering, alongside Tiger Global Management, a US investment firm. The financing also saw existing shareholders including but not limited to the group’s CEO, Max Bittner, Condé Nast, Eurazeo Group,…
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Apr- 2020 -30 AprilPeople Moves
M&S announces appointment of two non-executive directors
Marks and Spencer has announced the appointment of Tamara Ingram and Sapna Sood as non-executive directors, effective 21 May. Ingram joins from a longstanding leadership career in advertising, marketing and digital communications having held leadership roles at WPP since 2002, including setting up the consumer insight division. Prior to M&S,…
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Mar- 2020 -10 MarchClothing & Shoes
Stella McCartney reports £11m loss
Fashion retailer Stella McCartney has reported an £11m loss in pre-tax profit for its full-year results, attributed to flat sales and a significant increase to its costs. For the year ended 31 December 2018, the British fashion brand reported a 219% decrease in operating profit to £10.8m compared with £9.1m…
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Dec- 2019 -5 DecemberLuxury Goods
Gucci owner in talks over potential Moncler takeover
Gucci’s parent company Kering is reportedly in talks over a potential takeover of Italian apparel company Moncler. According to Bloomberg, executives at Kering and Moncler have held “preliminary discussions”, but also made it clear that there was no certainty the talks would lead to a transaction. Additionally, reports suggest the…
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Sep- 2019 -3 SeptemberAdvice
Fast fashion and the role that retailers have to play in tackling it
The fashion industry has never been without its critics, but today it seems to be drowning in them. PETA’s iconic ‘I’d rather go naked than wear fur’ billboard campaign of the early nineties, when the likes of Kim Basinger, Pamela Anderson and Christy Turlington were persuaded to get their kit…
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May- 2019 -14 MayLuxury Goods
Kering publishes new standards for animal welfare
Luxury fashion giant Kering has published its new animal welfare standards in order to “ensure and verify” the humane treatment of animals across the group’s supply chains. The first phase of the standards, which launched on 13 May, also include detailed requirements for the treatment of cattle, calves, sheep and…
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10 MayLuxury Goods
Kerring to pay €1.25bn in Italian tax settlement dispute
Luxury fashion giant Kerring has agreed to pay a total of €1.25bn (£1.07bn) to the Italian Revenue Agency relating to claims over alleged tax evasion, in relation to its Swiss subsidiary Luxury Goods International (LGI). It comes after Swiss prosecutors opened an investigation into luxury fashion group in March last…
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Feb- 2019 -12 FebruaryLuxury Goods
Gucci helps Kering ‘outperform’ sector
Kering has continued to “significantly outperform the sector” as its Gucci brand delivered revenues of £7.27bn. The luxury goods group reported consolidated revenues of £11.9bn up 26.3% from the previous year. The company’s like-for-like sales also rose by 24.5% to £3.32 billion. Kering said its two primary brands Gucci and…
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Nov- 2018 -27 NovemberLuxury Goods
Kering to take e-commerce in-house by 2020
Luxury fashion house Kering has announced it is to bring its e-commerce entirely in-house by 2020. The company that owns brands such as Gucci, Yves Saint Laurent, Alexander McQueen and Balenciaga will leverage its in-house technology and operations team to fully internalise the e-commerce activities currently handled through its joint…
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