Luxury Marketer
  1. India’s most valuable family businesses are now worth $1.46 trillion: report
  2. Understanding UHNW at the level of behavioral psychology
  3. Philanthropic priorities will change as women on track to overtake men in charitable giving
  4. Luxury, after analyzing Q2 earnings, no longer faces a broad-based slowdown
  5. Market optimism up among wealthy despite inflation concerns: survey
  6. Monaco: Continuing appeal defined by rarity and long-term value preservation
  7. Meet Luxury Roundtable’s Sept. 16 summit speakers who shape America’s skyline Open to all readers
  8. Register now for Luxury Roundtable’s Luxury Commercial Real Estate Summit Sept. 16! Open to all readers
  9. Luxury homes in high demand across US while starter-home sales stall: report
  10. Forbes Travel Guide extends mark of excellence with Verified Luxury Residences Open to all readers
  1. North America takes lead for new luxury store openings, New York regains top spot: report
  2. India's most valuable family businesses are now worth $1.46 trillion: report
  3. Formula One is most-wanted sport event on calendar for affluent consumers globally
  4. Report: Potential of Africa’s residential and commercial real estate markets
  5. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  6. Podcast: How rapidly evolving luxury consumer behavior is impacting real estate 
  7. ‘Affluent India’ population to grow to 100 million by 2027: report
  8. NRF, largest US sector lobby, crafts 4 principles for use of AI in retail
  9. Mood of US shopper is chipper as Thanksgiving holiday weekend draws record numbers
  10. How did Patek Philippe build an Instagram following of nearly 2M in five years?
Comment

Couture, fashion and leather goods

Slack in Gucci, Yves Saint Laurent, Bottega Veneta weighs down Kering’s 2023 revenue, profits

February 8, 2024

Kering has seen sales at Gucci slow down after the departure of star creative director Alessandro Michele. Seen: Gucci fashion jewelry campaign. Image: Gucci Kering has seen sales at Gucci slow down after the departure of star creative director Alessandro Michele. Seen: Gucci fashion jewelry campaign. Image: Gucci

 

By Luxury Marketer Intelligence

Revenue at Gucci owner Kering totaled $21.1 billion (€19.6 billion) in 2023, a decrease of 4 percent as reported, including significant impacts from changes in exchange rates and the scope of consolidation (-4 percent and +2 percent, respectively) and down 2 percent on a comparable basis.

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. North America takes lead for new luxury store openings, New York regains top spot: report
  2. India's most valuable family businesses are now worth $1.46 trillion: report
  3. Formula One is most-wanted sport event on calendar for affluent consumers globally
  4. Report: Potential of Africa’s residential and commercial real estate markets
  5. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  6. Podcast: How rapidly evolving luxury consumer behavior is impacting real estate 
  7. ‘Affluent India’ population to grow to 100 million by 2027: report
  8. NRF, largest US sector lobby, crafts 4 principles for use of AI in retail
  9. Mood of US shopper is chipper as Thanksgiving holiday weekend draws record numbers
  10. How did Patek Philippe build an Instagram following of nearly 2M in five years?


MORE IN China
Luxury, after analyzing Q2 earnings, no longer faces a broad-based slowdown
August 6, 2026
Why pop-ups are now a pillar of luxury distribution strategy Open to all readers
July 30, 2026
Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions
July 15, 2026
Luxury housing market growth slows in key cities worldwide: report
July 8, 2026
Beyond the Gen Z myth: 4 distinct luxury mindsets reshaping travel in Asia Pacific
July 6, 2026
Global wealth rose nearly 11pc in 2025, outpacing past two years: report
July 1, 2026



RECENT INTELLIGENCE
India’s most valuable family businesses are now worth $1.46 trillion: report
August 11, 2026
Understanding UHNW at the level of behavioral psychology
August 10, 2026
Philanthropic priorities will change as women on track to overtake men in charitable giving
August 6, 2026

Market optimism up among wealthy despite inflation concerns: survey
August 5, 2026
Monaco: Continuing appeal defined by rarity and long-term value preservation
August 5, 2026
Meet Luxury Roundtable’s Sept. 16 summit speakers who shape America’s skyline Open to all readers
August 4, 2026