Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house. Its share price ...

After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.

The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.

Our efforts must remain sustained and we are confident that we have driven Kering to a point of stabilisation,” says CEO François-Henri Pinault ...