The Italian brand’s owner, Kering, issued its third profit warning in a row as demand for a toned-down Gucci disappoint.

Read the following text and answer questions 1-9: [1] Anyone whose virtual alter-ego is wandering around the Roblox online game platform these days might run into other avatars sporting Gucci ...

But the situation has been more complicated for Kering, since Gucci relies more heavily on China than competitors. Gucci held back on marketing investments during the pandemic, while larger rival ...

DeWu, founded in 2015 by Jiangxi province-born billionaire Yang Bing as a platform to buy and resell sneakers, has become the beating heart of China’s vast luxury goods grey market, where products ...

Kering's shares surged nearly 15% after the China stimulus announcement ... including a lack of innovation and reliance on wholesale, making it one of the worst performers in the luxury sector.

China has launched a diplomatic push to improve relations with US allies and partners amid economic challenges and possible instability from a Trump presidency. Efforts include a breakthrough with ...

He was the wealthiest person on the planet a few months ago, but flagging demand for luxury goods in China has cut LVMH ... François Pinault — the founder of Gucci and Balenciaga owner Kering.

Economists have ‘never seen anything like this’, and ‘challenges are on a greater scale’ than ever before, so how can China bring the wild ride to an end? Economists have ‘never seen ...

Kering's crisis continues, now expecting an operating profit of 2,5 billion, almost half compared to the end of 2023. The ...

Oil prices and the FTSE 100 plunged today after China held off announcing fresh measures to boost its economy. Brent crude ...

The company reported net sales in fiscal Q2 increased 20.1 percent to $1.3 billion, compared with $1.1 billion the same time ...