Kering Revenue Falls 13% as Gucci Struggles Continue
Luxury group Kering reported revenue of €14.7 billion in 2025, down 13% as reported and 10% on a comparable basis, with operating income falling 33% to €1.63 billion. Flagship brand Gucci saw revenues plunge 22% to €6 billion, while Yves Saint Laurent declined 6%. Bottega Veneta was the standout, achieving 3% growth and record fourth-quarter sales. New CEO Luca de Meo promises a turnaround strategy at April’s Capital Markets Day. (photo/grazia)
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