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0 · why is Gucci profitable
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The largest fashion brand in the Kering luxury empire—which includes Yves Saint Laurent and Bottega Veneta—Gucci delivered revenues of €9.7 billion (.02 billion), up 31.2% from 2020,. Mass market brands from Unilever to Heineken are crying poor about inflation, but Gucci and other luxury brands are doing just fine Cantino, 57, joined Gucci in May as deputy CEO, and will assume the new role on Jan. 1, Kering said Tuesday. He replaces Jean-François Palus, who’d been appointed on a temporary basis last year.
The largest fashion brand in the Kering luxury empire—which includes Yves Saint Laurent and Bottega Veneta—Gucci delivered revenues of €9.7 billion (.02 billion), up 31.2% from 2020,. Mass market brands from Unilever to Heineken are crying poor about inflation, but Gucci and other luxury brands are doing just fine Cantino, 57, joined Gucci in May as deputy CEO, and will assume the new role on Jan. 1, Kering said Tuesday. He replaces Jean-François Palus, who’d been appointed on a temporary basis last year. The Paris-based business had revenue of 19.6 billion euros (.2 billion) in 2023 from brands such as Gucci and Yves St. Laurent. The billionaire also owns the Christie's auction house and has a.
François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci.
why is Gucci profitable
Revenue for Gucci, which accounts for half of Kering's annual sales, could drop 20% year-over-year in the first quarter, Kering warned. Kering, whose other brands include Yves Saint Laurent and Balenciaga, is betting that Gucci’s new direction will help revive the group’s fortunes after it has struggled to keep up with rivals. Gucci, Kering Group's leading luxury house, reached its peak revenue in 2022, when it delivered a global sales revenue of 10.5 billion euros. Most recently, Gucci reported 9.9 billion euros. As of 2024, Gucci was the fourth most valuable luxury brand worldwide, behind Louis Vuitton, Hermès, and Chanel. In that year, the brand had a value of about 23.8 billion U.S. dollars.
The majority of Arnault's fortune is derived from a 48% stake in LVHM, the world's largest luxury-goods maker. He holds the shares through entities associated with Financiere Agache, a.
Gucci sales
The largest fashion brand in the Kering luxury empire—which includes Yves Saint Laurent and Bottega Veneta—Gucci delivered revenues of €9.7 billion (.02 billion), up 31.2% from 2020,. Mass market brands from Unilever to Heineken are crying poor about inflation, but Gucci and other luxury brands are doing just fine
Cantino, 57, joined Gucci in May as deputy CEO, and will assume the new role on Jan. 1, Kering said Tuesday. He replaces Jean-François Palus, who’d been appointed on a temporary basis last year.
The Paris-based business had revenue of 19.6 billion euros (.2 billion) in 2023 from brands such as Gucci and Yves St. Laurent. The billionaire also owns the Christie's auction house and has a. François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci.
Revenue for Gucci, which accounts for half of Kering's annual sales, could drop 20% year-over-year in the first quarter, Kering warned. Kering, whose other brands include Yves Saint Laurent and Balenciaga, is betting that Gucci’s new direction will help revive the group’s fortunes after it has struggled to keep up with rivals. Gucci, Kering Group's leading luxury house, reached its peak revenue in 2022, when it delivered a global sales revenue of 10.5 billion euros. Most recently, Gucci reported 9.9 billion euros.
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As of 2024, Gucci was the fourth most valuable luxury brand worldwide, behind Louis Vuitton, Hermès, and Chanel. In that year, the brand had a value of about 23.8 billion U.S. dollars.
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Gucci news
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fortune de gucci|Gucci company net worth
