The luxury conglomerate’s third-quarter report showed a 25% drop in year-over-year revenue at Gucci and an overall 16% sales drop across its brands. Saint Laurent posted a 12% sales drop, and sales at ...
Gucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. The Italian luxury brand saw a 25% drop in quarterly revenue as compared ...
Gucci, its biggest brand ... In early 2024, the brand's CEO estimated that it would be able to greatly expand its store network in China. The LVMH subsidiary operates around 350 stores there.