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Revenues at Gucci, Kering's biggest money maker, plunged 26% in the third quarter as a prolonged sales slump continues.
In six months to the end of September, Burberry clocked in a sales growth of 4% to £1.4 billion (about $1.7 billion). However, the coat-maker’s operating profit plunged 15% for the same period.
However, from 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, hitting the 10-billion dollars sales mark in 2022. [34] The group divested its interests in Stella McCartney in 2018, [35] Christopher Kane in 2019, [36] and its entire watch division (Girard-Perregaux and Ulysse Nardin) in 2022. [37]
Bernard Jean Étienne Arnault (French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French businessman, investor and art collector. [2] [3] He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company.
[10] [11] In 1988, Maurizio Gucci sold almost 47.8% of Gucci to Investcorp, [12] and withheld the other 50% until 1993. [13] The company diversified in 1997 into hedge funds. [14] Kirdar stepped down as CEO and executive chairman in 2015. [15] [9] With Kirdar resigning, Mohammad Alardhi became the Executive Chairman of the company. [7]
MILAN — Gucci is championing regenerative agriculture, tackling climate change and going beyond its commitment to total carbon neutrality. During the virtual World Economic Forum in Davos, Marco ...
The supply chain froze for a few weeks in some countries, which materialized by a lack of fabric availability and order cancellations. Many fashion designers saw the pandemic as a catalyst for change, a way to break away from the industry's constraints. Most fashion companies focused on innovation with online sales to maintain revenue afloat. [4]
With submissions for the 2022 winter grant cycle open through July 26, the Sundance Institute’s Gucci Fund will support filmmakers worldwide in the development, production and post-production ...