French luxury group Kering promised Thursday to make its flagship Gucci brand once again "unmissable" and boost production of leather goods as it seeks to turn around its financial performance.
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Shares in the French fashion groups Kering and Hermes plunged Wednesday after both reported sales that missed analyst expectations, in part due to the Middle East war, which has hit business in a key region.
French luxury group Kering saw sales slide by six percent in the first quarter of this year, with its troubled flagship Gucci fashion house still dragging down its performance.
Celebrated, controversial and clearly up for a challenge, fashion designer Demna is set to step into one of the most difficult jobs in the lux…
Gucci sales have been slumping, pulling down group results for French parent company Kering
Renault's departing CEO Luca de Meo is known as a skilled communicator
Kering's current boss, Francois-Henri Pinault, had already announced a management shakeup, and said he will stay on as chairman
Analysts say de Meo may be able to shake up Kering -- though some noted that the luxury sector was very different to making automobiles
French luxury group Kering announced Monday that it had appointed Luca de Meo, who helped drive automaker Renault out of crisis, its new chief…
Renault CEO Luca de Meo is reportedly leaving to take up the reins at Kering, the French luxury group that owns Gucci