Browsing: Kering
50 million people have stopped buying luxury brands like Dior and Burberry after ‘broken promises’ to customers
Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down…
The wealth of France’s luxury and cosmetics titans swelled to unprecedented heights during the pandemic era, when consumers snapped up…
LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-plus-hour days, even at 75: ‘Every morning I have fun when I arrive’
Bernard Arnault, CEO of luxury conglomerate LVMH, once said, “As long as I’m not the richest man in the world,…
Gen Z sneaker brand with $740 ‘dirty’ shoes counts Taylor Swift as a fan—and is eyeing a $3.3 billion valuation
Europe’s stock market nest of growing companies may be awaiting a new hatchling. Luxury sneaker brand Golden Goose is preparing…
Hermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppers
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader…
Gucci-owner Kering’s Gen Z heir claims his grandfather Francois Pinault’s seat on Christie’s board in major succession move
European luxury houses are legacy companies, often with family strongholds. Kering, the company behind Gucci and Saint Laurent, is no…
The Gen Z and millennial rebellion against full-price luxury is hurting Burberry and Kering, but propping up secondhand marketplaces
Ever dreamt of buying your first luxury handbag? With sky-high rents and a challenging job market, investing in luxury has…
Gucci-owner Kering is buying up prime property in New York worth nearly $1 billion as luxury slowdown presses on
The luxury industry’s rocky road the last few months has prompted questions about the end of the “roaring 20s”—the period…