Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
The handbag brand is rolling out dozens of cafés across US outlet malls, offering branded lattes, merch and a reason for young shoppers to linger longer in stores.
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
A jump in standalone debt is a ‘temporary spike’ and the company is not facing liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
Capital from billionaire business moguls and Middle Eastern royals is pouring into Africa, filling a funding gap left by banks, as a new wave of ultra-luxury developments reshapes the continent’s hospitality landscape.
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
A steep sales decline at the sector bellwether’s core fashion and leather goods division, which houses Louis Vuitton and Dior, point to a long road ahead.
Sales in the group's critical fashion and leather goods division — which includes flagship brand Louis Vuitton — fell 9 percent in the latest quarter. The group is fending off challenges across key units.
The Bloomberg Subdial Watch Index, which tracks the 50 most-traded timepieces by transaction value, gained 5.3 percent in the first half of 2025 — and extended that recovery in the third quarter.
After five years at the helm, Venturini is leaving for personal reasons as the Italian luxury house navigates a creative reset and ownership transition.
Offloading Stuart Weitzman will enable Tapestry executives to spend more time and resources on increasing sales at Coach and turning around Kate Spade.
The renowned jeweller known for its imperial Russian Easter eggs, has been sold to technology investor Sergei Mosunov’s SMG Capital for $50 million, as its parent company Gemfields seeks to fund its mining operations.
Around 1,000 retail and logistics employees across Italy declared a ‘state of unrest’ after accusing the Kering-owned brand of withholding a promised welfare bonus.
Bugg will oversee global communications for the group’s Prada, Miu Miu, Church’s and Car Shoe brands.
The sector is already under pressure from a stronger franc and falling global demand.
The fashion group and one of its units ‘issued misleading ethical and social responsibility statements in contrast with the actual working conditions found at suppliers and subcontractors,’ Italy’s antitrust regulator said.
