French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down ...

The French luxury group reported lower revenue at a time when some peers have signaled a potential rebound in demand.

French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its Italian brand Gucci.

Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.

Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong ...

With Gucci revenues in free fall, creative director Sabato De Sarno exits the brand as company leaders assert control to ...

Sabato De Sarno’s departure adds to the industry turmoil.

NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...

French luxury group Kering has parted ways with the designer of its biggest brand Gucci, just two years after he was hired to lead a turnaround at the struggling Italian fashion house.

Gucci has announced that its creative director of under two years, Sabato De Sarno, has left the position just two and a half ...

De Sarno’s appointment was “a key ingredient in management’s strategy to push Gucci towards a more mainstream position. His ...

Sabato De Sarno is exiting Gucci two years after he was appointed as creative director, the brand announced on Thursday. Its ...