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Today: April 16, 2026
Today: April 16, 2026

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Kering CEO pledges to double profit margins and revive Gucci brand​

Kering CEO Luca de Meo pledged to more than double the luxury group's operating profit margin and boost the appeal of its flagship brand Gucci

Kering CEO pledges to double profit margins and revive Gucci brand​
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Kering shares slide after Gucci sales disappoint

Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges

Kering shares slide after Gucci sales disappoint
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After tackling Kering's debt problems, de Meo faces the Gucci challenge

Seven months into the job, Luca de Meo has bought himself time as CEO of Gucci owner Kering. This week he has to prove he knows how to use it.

After tackling Kering's debt problems, de Meo faces the Gucci challenge
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Kering must downsize, reduce Gucci exposure and chase synergies, CEO de Meo says in memo 

Kering's return to growth will require reducing its reliance on struggling flagship Gucci, further scaling back its store network and chasing more synergies, Chief

Kering must downsize, reduce Gucci exposure and chase synergies, CEO de Meo says in memo