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In 2023, Kering's annual results declined to 19.6 billion (-4%), mainly caused by the deceleration of Gucci's streak, a transition phase according to the group's executives. [38] That same year, Kering acquired the fragrance company Creed , [ 39 ] 30% of the fashion house Valentino , [ 40 ] and Kering Beauté was launched to manage in-house the ...
[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]
Gucci hired Tom Ford as its new creative director and was infamously in the news following the killing of its former head, Maurizio Gucci. Around the same time, LVMH’s CEO Bernard Arnault was ...
Marco Bizzarri (born 19 August 1962) is an Italian business executive, president and CEO of Gucci since January 2015 till December 2023. [1] He previously was president and CEO of Stella McCartney (2005–2009) and Bottega Veneta (2009–2014), and joined Kering's executive committee in 2012.
Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down this year for the first time since the 2009 Great Recession.Now, 50 million ...
Opening up 21 stores last year to total 191 brick-and-mortar locations, Golden Goose is eyeing an even more ambitious 2024, tapping former Gucci CEO Marco Bizzarri to join its board in April.
Statement of Directors' responsibilities for the shareholders' financial statements The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable Law of the Republic of Ireland, including the accounting standards issued by the Accounting Standards Board and published by The Institute of Chartered Accountants.
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management ...