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French group Kering, the brand behind luxury houses like Gucci, Saint Laurent and Balenciaga, is investing a whopping $963 million in prime New York City property, the company said in a press ...
Footnotes / references[ 1 ] Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault.
Guccio Gucci was born in Florence, Tuscany on 26 March 1881. [ 1 ] He was the son of Tuscan parents, Gabriello Gucci, a leather craftsman from San Miniato, and Elena Santini, from Lastra a Signa. [ 2 ][ 3 ] As a teenager, in 1899, Guccio Gucci worked at the Savoy Hotel in London. [ 4 ][ 5 ] Little is known about his early life circumstances and ...
Originally made with wooden bamboo-shaped handles surrounded with functional bands to keep their shape, the bag was first introduced in 1991. [2] It was redesigned by Alessandro Michele and released as a part of Gucci's Diana Capsule in 2021. [3] The redesigned bag features removable neon leather belts wrapped around the bamboo handles.
In March, the Gucci-owner issued a warning that its first-quarter sales would plunge by 10% this year compared to 2023 due to stalling demand for expensive goods amid high interest rates ...
During the pandemic, the luxury market thrived as the affluent—unfazed by price hikes—indulged in Birkin bags and rare watches. Yet, signs now point to a slowdown in the "roaring 20s" luxury boom.
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