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Gucci

Gucci was founded in 1921 by Guccio Gucci in Florence as a leather goods company focused on luxury craftsmanship. In 1999, French conglomerate Pinault-Printemps–Redoute, now Kering, took majority ownership. Gucci evolved into a global powerhouse under creative directors Tom Ford and Alessandro Michele. However, since Michele was succeeded by Sabato De Sarno in January 2023, financial performance has floundered, and Balenciaga creative director Demna Gvasalia replaced him in March 2025. As of 2024, Gucci operated more than 500 stores worldwide.

News

Kering CEO Luca de Meo

Kering boss unveils new turnaround strategy

Kering CEO Luca de Meo, who took to the helm last year, has outlined a new strategic turnaround plan to drive the French luxury group's return to growth.

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Falling Gucci sales drag Kering revenue down

Luxury group Kering, which owns fashion houses including Gucci and Bottega Veneta, has reported a 6% year-on-year drop in revenue to €3.5bn (£3.04bn) during the first quarter of 2026, as Gucci’s performance continues to wane.

Gucci SS26

Gucci weighs on Kering turnover

Luxury group Kering, which owns fashion houses including Gucci and Bottega Veneta, has reported a 10% fall in revenue to €3.4bn (£2.95bn) in the third quarter of 2025, as the performance of its flagship brand Gucci continued to weigh on group results.

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Kering names new Gucci CEO

Kering deputy CEO Francesca Bellettini has been appointed to the role of CEO of the luxury group's largest fashion house, Gucci.

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Gucci, Balenciaga and Alexander McQueen targeted in cyber-attack

Private details of Gucci, Balenciaga and Alexander McQueen customers have been stolen in a cyber-attack by an “unauthorised third party”.

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Kering revenue drops 16% amid creative overhaul

Gucci owner Kering on Tuesday (29 July) reported a 16% drop in group revenue to €7.6bn (£6.5bn) for the first half of 2025, as the luxury group grappled with weak demand, reduced tourism and creative leadership transitions.

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