Luxury Marketer
  1. Why luxury brands must pay attention to the branded residences opportunity: report
  2. Argentina: Reopening of a sleeping giant for luxury
  3. More connected, data-led and performance approach to influence business travel: trends
  4. Hennessy, bowing to contemporary tastes, enters new spirits category in company-first
  5. How AI is redefining retail real estate: report
  6. Luxury housing market growth slows in key cities worldwide: report
  7. Ending Coty deal, Kering signs 50-year beauty license with L’Oréal for flagship Gucci brand
  8. LVMH unveils most ambitious global program yet to showcase nature, craft and culture of 46 maisons
  9. Luxury brands build demand. Associates build loyalty
  10. New challenge for brands: Cost of running AI at scale
  1. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  2. Argentina: Reopening of a sleeping giant for luxury
  3. LVMH ramps up presence in media with Paris Match acquisition
  4. Hermès, Brunello Cucinelli, Mytheresa, Bain and McKinsey win Luxury Roundtable Awards
  5. Cartier owner Richemont H1 sales up 12pc to $10.9B amidst economic, geopolitical uncertainty
  6. Why licensing in luxury and fashion maintains its allure
  7. Orient Express, targeting HNW, enters luxury cruising business with world’s largest sailing yacht
  8. Profiling a Luxury Icon: How the Rolls-Royce Ghost reflects the new approach to luxury
  9. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  10. How did Patek Philippe build an Instagram following of nearly 2M in five years?
Comment

Couture, fashion and leather goods

Gucci owner Kering sees 13pc drop in Q3 2023 sales to $2.33B

October 24, 2023

Gucci, Kering's flagship brand, has seen a slowdown in sales after the departure of creative chief Alessandro Michele. Image credit: Gucci Gucci, Kering's flagship brand, has seen a slowdown in sales after the departure of creative chief Alessandro Michele. Image credit: Gucci

 

By Staff reports

While LVMH, Hermès and Zegna posted positive third-quarter 2023 numbers, Kering suffered a 13 percent drop in revenue for the period to $2.33 billion.

This content is accessible only to subscribers of Luxury Marketer. We would love for you to become a subscriber and enjoy the many benefits soon after. Please click here to enroll as a subscriber of Luxury Marketer. Already a subscriber?
 
NEW INTELLIGENCE

MOST READ
  1. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  2. Argentina: Reopening of a sleeping giant for luxury
  3. LVMH ramps up presence in media with Paris Match acquisition
  4. Hermès, Brunello Cucinelli, Mytheresa, Bain and McKinsey win Luxury Roundtable Awards
  5. Cartier owner Richemont H1 sales up 12pc to $10.9B amidst economic, geopolitical uncertainty
  6. Why licensing in luxury and fashion maintains its allure
  7. Orient Express, targeting HNW, enters luxury cruising business with world’s largest sailing yacht
  8. Profiling a Luxury Icon: How the Rolls-Royce Ghost reflects the new approach to luxury
  9. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  10. How did Patek Philippe build an Instagram following of nearly 2M in five years?


MORE IN Fashion & leather goods
Argentina: Reopening of a sleeping giant for luxury
July 12, 2026
LVMH unveils most ambitious global program yet to showcase nature, craft and culture of 46 maisons
July 8, 2026
US to remain world’s largest luxury market by sales, China among fastest growing through 2030: report
July 1, 2026
Global luxury spending reaches $1.65 trillion in 2025 as experiences outpace tangible goods: report Open to all readers
June 26, 2026
Market report: Brazil develops sophisticated luxury ecosystem in new phase of structural expansion
June 15, 2026
Sportswear to overtake wider apparel and footwear global market growth by 2030
June 12, 2026



RECENT INTELLIGENCE
Why luxury brands must pay attention to the branded residences opportunity: report
July 13, 2026
Argentina: Reopening of a sleeping giant for luxury
July 12, 2026
More connected, data-led and performance approach to influence business travel: trends
July 12, 2026

How AI is redefining retail real estate: report
July 9, 2026
Luxury housing market growth slows in key cities worldwide: report
July 8, 2026
Ending Coty deal, Kering signs 50-year beauty license with L’Oréal for flagship Gucci brand
July 8, 2026