Apparel, Accessories and Luxury Goods

Kering

Saint Laurent CEO Chatel: Plans to Expand Menswear Amid Inflation to Retain Consumers

Gucci Unveils First Pre-Spring Collection in NYC as Kering Seeks Brand Revival

Kering's Angel Round Investment in ICICLE to Support Sustainable Fashion Innovation

Gucci Unveils Generation Gucci Image Campaign

Kering Updates Eighth Edition of Sustainable Materials and Manufacturing Standards

HSBC Downgrades Kering's Rating to 'Hold'

Kering Invests in Chinese High-End Apparel Brand Zhifei's Parent Company

Kering Announces 'ReconKering' Strategic Plan

Kering Plans to Collaborate with Google to Launch Smart Glasses

Kering Makes a Minority Equity Investment in ICICLE's Parent Company ICCF Group

Kering Makes a Minority Equity Investment in ICCF Group

Kering CEO Notes Disconnect Between Product Pricing and Perceived Value

Kering Receives Cash Flow from L'Oreal Collaboration

Kering Plans to Double Jewelry Business Size by 2030

Kering aims to double Gucci's store unit sales by 2030

Kering Sees Mid-Term EBIT Margin More Than Doubling

UBS and Deutsche Bank Maintain Hold Rating on Kering, While JPMorgan Maintains Sell Rating

RBC Maintains Hold Rating on Kering (ADR)

Kering Reports Q1 Revenue Above Expectations

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Saint Laurent's CEO, Cedric Charbit, emphasized the need for luxury brands to better retain aspirational shoppers, particularly as the market faces challenges from inflation and declining consumer confidence. He highlighted plans to expand into menswear and maintain brand desirability amid a slowdown affecting parent company Kering. Charbit, who took over in January 2025, noted the importance of adapting to changing market dynamics while preserving exclusivity.

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Saint Laurent CEO admits brand must do more to retain luxury shoppers

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Authorities in HCMC seized fake luxury products, including Gucci and Ray-Ban items, during raids at Saigon Square and Ben Thanh Market. Inspectors found numerous counterfeit goods with poor quality and packaging. A total of 49 violations led to fines exceeding VND500 million, with all seized items destroyed. The inspections are part of a government initiative to combat smuggling and trademark violations, particularly in tourist-heavy areas.

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Fake Gucci, Ray-Ban products seized following raids on 2 HCMC downtown markets

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The Global Fashion Summit: Copenhagen Edition 2026, held from May 5-7, gathered over 1000 stakeholders to address sustainability in fashion. The event, presented by Global Fashion Agenda, emphasized resilience as a responsibility amid climate and economic challenges. Key highlights included the launch of the Fashion CFO Agenda 2026, unveiling of innovative collections, and the introduction of the 2030 Circularity Blueprint. Notable speakers included leaders from Kering, LVMH, and Patagonia. The summit aimed to inspire measurable progress in the fashion value chain through collaboration and investment in sustainability initiatives.

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07:57 ETBuilding Resilient Futures: Fashion Leaders Convene to Chart a Path from Risk to Renewal

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The article discusses the luxury goods market and suggests that encouraging the wealthy to continue spending on designer items could serve as a form of taxation. It highlights the decline in stock prices of major luxury brands like Prada, LVMH, and Kering, attributing this to economic factors such as the crisis in the Persian Gulf and a sluggish Chinese economy. Despite the downturn, the article notes the increasing number of wealthy individuals globally, indicating a potential for growth in the luxury sector.

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Want to tax the rich? Encourage them to keep spending ridiculous amounts of money on designer clothes.

Kering (ENXTPA:KER) reported FY 2025 first half revenue of €7.6b and EPS of €3.87, down from €9.0b and €7.16 in 2024. The company faces a trailing twelve-month loss of €29 million, raising concerns about margin recovery. Analysts project earnings growth of 44.85% annually, but current losses and a revenue base of €14.7b challenge this outlook. Kering's share price of €238.10 is above its DCF fair value of €230.52, leading to mixed valuation signals. Investors are advised to assess the realism of optimistic growth narratives against current financial pressures.

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Kering (ENXTPA:KER) Trailing Loss Challenges Bullish Margin Recovery Narrative

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Luxury brands, particularly Gucci and its parent Kering, are facing significant challenges as the post-pandemic boom fades. Gucci's recent Milan Fashion Week show aimed to reinvent the brand amidst a two-thirds drop in operating profits over two years. The luxury sector is struggling with slowing Chinese demand, inflation, and the economic impact of the Iran war, which has severely affected tourism and shopping in the Middle East. Despite some signs of recovery, experts warn that consumer sentiment remains weak, and many luxury consumers have exited the market due to rising costs.

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Luxury brands are under pressure as the post-pandemic boom fades

French luxury giant Kering has taken a minority stake in Chinese luxury fashion group Icicle Carven China France Group (ICCF) to leverage their strengths in the global luxury market. Kering's investment aims to support ICCF's flagship brand, Icicle, in its international expansion and product diversification. This partnership combines ICCF's understanding of the Chinese luxury market with Kering's expertise in craftsmanship and brand development. Founded in 1997, Icicle is known for its minimalist style and sustainability, and has seen significant growth, with global revenues exceeding EUR300 million last year.

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France’s Kering Takes Minority Stake in Chinese Luxury Fashion Group ICCF

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Gucci plans to launch smart glasses in partnership with Google by 2027, as announced by Kering's CEO, Luca de Meo. The glasses will likely utilize Google's Android XR platform, competing with existing products like Ray-Ban Meta smart glasses. While details are scarce, features may include a built-in camera, speakers, and microphones for calls and music. Other companies, including Samsung and Apple, are also developing smart glasses, with Snap launching its AR glasses this year and Nothing exploring AI-powered options for 2027.

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