Kering's de Meo says Italy remains key, rules out production shift
Italy remains central to Kering's plans, with the French luxury group having no intention of moving production out of the country, Chief Executive Luca de Meo said on Wednesday.
Kering: The Gucci Reset Is Becoming An Earnings Recovery
Kering (KER.PA) is executing a turnaround, restoring its balance sheet, reducing retail footprint, and stabilizing Gucci's sales declines. Operational leverage is the key upside driver, with management cutting costs, rationalizing inventory, and focusing on store productivity to outpace consensus earnings recovery. Jewelry and eyewear segments are gaining traction, diversifying profit sources beyond Gucci, while cash flow and net debt have improved materially.
Kering: Q2 Was Better, But Gucci Still Needs To Turn Around
Kering remains a Hold as Q2 2026 showed meaningful improvement but not a full recovery, especially at Gucci. PPRUF's group revenue returned to growth after twelve quarters, with Gucci's decline narrowing, yet traffic and mainland China remain weak. Management expects roughly flat group growth in Q3; Gucci's new collections show promise, but Q3 is pivotal for confirming a turnaround.
Shares in Gucci Owner Kering Surge as Recovery Gains Traction
The stock was up 11% a after the company's flagship label reported sales down 2% organically on year—beating the 5% drop expected by analysts.
Kering SA (PPRUY) Q2 2026 Earnings Call Transcript
Kering SA (PPRUY) Q2 2026 Earnings Call Transcript
Gucci-Parent Kering Posts Higher Revenue as Revival Plan Continues
The French luxury group logged higher revenue of $4.15 billion in its latest quarter, even as Gucci's revenue fell 3%.
Italian unions call strike at Kering over lack of clarity on strategy
Italy's largest unions have called a strike on May 20 across all companies of French luxury group Kering , which has offices and a significant share of its production in the country, citing a lack of clarity over the group's strategy.
Kering: Things Are Getting Better, But It Is Still Not Enough
Kering has exited its worst phase, with Q1 2026 showing stabilization and early signs of improvement, particularly at Gucci. Gucci's comparable sales decline improved to -8% from -25%, but group recovery remains incomplete as traffic and China demand are still weak. Management's reset plan offers a credible roadmap for inventory, pricing, and margin recovery, but execution risks and near-term P&L pressure persist.
Kering SA (PPRUY) Analyst/Investor Day Transcript
Kering SA (PPRUY) Analyst/Investor Day Transcript
Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci
Kering CEO Luca de Meo announced an ambitious strategy to get the company back on a growth track after a year-long slump. "In a nutshell, a model that worked for a decade, is no longer effective for us," he said during the company's Capital Markets Day in Florence.
Gucci Owner Kering Plans to Complete Structural Reset This Year in Bid to Revive Fortunes
The luxury giant said its plan would restore financial discipline and operational efficiency while focusing on refreshing creative direction and product lineups.
Hermes and Gucci sales fall short on Middle East turmoil. Investors were surprised.
Hermes International shares, trading at 34 times earnings, got pummeled on Wednesday after the luxury-goods maker reported slower-than-expected first-quarter sales growth.
