-
Why is the boundary between a leader's professional and personal identity important?
2025/08/03/ 10:21 -
Three practical steps that will prevent you from losing the people who keep your business running
2025/08/01/ 17:17 -
IDBank's new premium business card – Mastercard Business Preferred
2025/08/01/ 12:45 -
Which professions will be the first to lose their jobs due to AI. Microsoft's warning
2025/07/31/ 14:21 -
Why do some organizations turn AI into a strength, while others fail?
2025/07/30/ 17:49 -
Gucci's management has changed against the backdrop of declining sales
2025/07/30/ 16:57 -
USA is exerting pressure to extract agreements
2025/07/30/ 14:36 -
The Armenian state budget has deviated from the course: what the analysis of the Luys Foundation says
2025/07/29/ 12:43 -
How does the Armenian economy respond to challenges? facts from the data for May-June
2025/07/28/ 12:40 -
Beating the heat, earning idcoins: Idram & IDBank
2025/07/25/ 17:36
Subscribe
Gucci's management has changed against the backdrop of declining sales
News |
Gucci's sales have declined. What is happening at Kering holding?
In the second quarter of 2025, sales of the Gucci brand amounted to 1.46 billion euros, a decrease of 25% compared to the same period last year. The data was published in Kering holding's financial report.
The decline coincided with management changes at the brand. In March 2025, Gucci's new director became Demna Gvasalia, formerly the head of Balenciaga. He replaced Sabato De Sarno, who had served since 2023.
In the same quarter, Kering holding's total sales also decreased by 15%, reaching 3.7 billion euros. Operating profit in the first half of 2025 amounted to 969 million euros, down 39% compared to the previous year.
Luca de Meo has been appointed as Kering's new CEO, who previously led Renault. The company's leader states that the newly appointed teams are focused on increasing brand value through innovation.
Share article
Follow us in social networks
Related posts
