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The luxury boom of the pandemic era has turned into a bust, hurting some of the industry’s most prominent players. The latest victim is Gucci and Yves Saint Laurent’s French owner, Kering.
LVMH Moët Hennessy Louis Vuitton ( French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃] ), [ 1] commonly known as LVMH, is a French [ 7] multinational holding company and conglomerate specializing in luxury goods, headquartered in Paris. [ 8]
Kering ( French: [kɛːʁiŋ]) is a French-based multinational corporation specializing in luxury goods. It owns the brands Gucci, Balenciaga, Bottega Veneta, Yves Saint Laurent, Creed and Alexander McQueen . The timber-trading company Pinault S.A. was founded in 1962, by François Pinault. After the company was quoted on Euronext Paris in 1988 ...
PARIS (Reuters) -Revenue at Kering's Gucci fashion label rebounded strongly in the first quarter, adding to signs of a comeback for the broader luxury goods industry as COVID-19 restrictions ease ...
Johor Premium Outlets. / 1.6037851; 103.6204982. Johor Premium Outlets is a mall in Indahpura, Malaysia with 130 designer and name brand outlet stores as of 2021. [1] The center is operated by Genting Simon Sdn Bhd and is part of the Genting Simon Group, which is a joint venture between Genting Plantations Berhad and Simon Property Group.
Malaysia will progressively cut subsidies and launch new taxes including for luxury goods next year as part of economic reforms and to tighten its finances, Prime Minister Anwar Ibrahim said Thursday.
Marco Bizzarri (born 19 August 1962) is an Italian business executive, president and CEO of Gucci since January 2015 till December 2023. [1] He previously was president and CEO of Stella McCartney (2005–2009) and Bottega Veneta (2009–2014), and joined Kering's executive committee in 2012.
Luxury stocks tumbled in Europe Wednesday after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China.. Shares of Kering plunged as ...