Kering sales drop 14% in first quarter as Gucci crisis deepens By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
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Source: Investing.com
Kering's Sales Decline: Kering reported a 14% decline in sales, with Gucci experiencing a significant 25% drop, indicating challenges in the luxury sector amid economic uncertainties and tariff concerns.
Leadership Changes at Gucci: The appointment of Demna as Gucci's new design chief has raised investor concerns about the brand's recovery, especially following the dismissal of his predecessor after a short tenure aimed at revitalizing the label.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
