Kering Sells Mall Luxury Outlets to Simon Property Group

Marque, who will join Gucci on April 1, previously held executive roles at L’Oréal Luxe, Hermès and DFS Group.
Revenues at Gucci, Kering's biggest money maker, plunged 26% in the third quarter as a prolonged sales slump continues.
The luxury market has had a stagnant 2024, but Gucci owner Kering has seen a far worse performance at the stock markets. Gucci's waning popularity has impacted the company's profits and ...
Meanwhile, Gucci is in a more difficult position than rivals, as it caters to affluent rather than super-rich shoppers. LVMH Moet Hennessy Louis Vuitton SE, owner of Louis Vuitton and Loewe, which ...
Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...
Owner of luxury bands Gucci, Saint Laurent—Kering SA reached a deal to sell a 60% stake in three prestigious Paris properties to French private equity firm Ardian SAS for €837 million (~$862 ...
Kering agreed to sell a stake in three prestigious Parisian real-estate assets to Ardian, setting up a joint venture with the private equity group. The French group—which owns Gucci, Yves Saint ...
Ardian and luxury group Kering launched a joint venture for three prestigious Paris real estate properties, including the ...
Dior has ended up in the same quagmire as Gucci, Bernstein writes, and on Maria Grazia Chiuri the shadows increase ...