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While Gucci's sales are still falling, green shoots are starting to emerge as a new .Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection. The French giant, controlled by billionaire François-Henri Pinault, expects first . Gucci's growth under Alessandro Michele was unsustainable. Its new designer .
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Luxury conglomerate Kering reported a 10% decline in first-quarter sales as .PARIS, Nov 25 (Reuters) - The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner Kering. In the mini-documentary Gucci Falls Off the Catwalk, Bloomberg Originals takes .
While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth.
The French giant, controlled by billionaire François-Henri Pinault, expects first-quarter sales down 10 per cent — compared to consensus expectations of a 3 per cent fall — driven by a near 20. Gucci's growth under Alessandro Michele was unsustainable. Its new designer now faces a struggle to reenergize the Kering luxury fashion brand. Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.
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PARIS, Nov 25 (Reuters) - The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner Kering. In the mini-documentary Gucci Falls Off the Catwalk, Bloomberg Originals takes a close look at how laissez faire management and unsuccessful marketing strategies landed Gucci in the discount. Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions..Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and Hermès whose.
PARIS, Oct 23 (Reuters) - French luxury group Kering's (PRTP.PA) sales are likely to have slowed again in the third quarter as it seeks to reignite its star label Gucci under a new creative.
Kering reported second-quarter sales that fell 11 percent, dragged down primarily by flagship unit Gucci. Sales tumbled by 20 percent in reported terms (and 18 percent on a currency-adjusted basis) as plans to relaunch the label under a new designer and executive team continued to falter. While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth. The French giant, controlled by billionaire François-Henri Pinault, expects first-quarter sales down 10 per cent — compared to consensus expectations of a 3 per cent fall — driven by a near 20.
Gucci's growth under Alessandro Michele was unsustainable. Its new designer now faces a struggle to reenergize the Kering luxury fashion brand. Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.PARIS, Nov 25 (Reuters) - The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, increases pressure on owner Kering.
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In the mini-documentary Gucci Falls Off the Catwalk, Bloomberg Originals takes a close look at how laissez faire management and unsuccessful marketing strategies landed Gucci in the discount.
Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions..
Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and Hermès whose.
PARIS, Oct 23 (Reuters) - French luxury group Kering's (PRTP.PA) sales are likely to have slowed again in the third quarter as it seeks to reignite its star label Gucci under a new creative.
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gucci no longer having sales|Gucci clearance sale
