Luxury Marketer
  1. Presentations + Sponsor Information from Luxury Roundtable and Luxury Marketer’s Luxury Real Estate and Design Summit 2026 October Open to all readers
  2. Bengaluru: Why India’s third luxury city has no luxury district Open to all readers
  3. Announcing Luxury Marketer’s Luxury Women Leaders to Watch 2027 Open to all readers
  4. Nearly 50pc of companies now generate value with AI: report
  5. Rise of experiential luxury in India Open to all readers
  6. Yachting: Sea of sameness?
  7. Gen Z, Millennial donors bring new approach to giving: report
  8. Only 2 weeks left! Register now for Luxury Real Estate and Design Summit New York Open to all readers
  9. Zurich, Tokyo have highest global housing bubble risk: report
  10. Two silent killers of luxury
  1. Announcing Luxury Marketer's Luxury Women Leaders to Watch 2027 
  2. Presentations + Sponsor Information from Luxury Roundtable and Luxury Marketer's Luxury Real Estate and Design Summit 2026 October 
  3. The Hyderabad Paradox: Where India’s fastest-growing luxury demand has run ahead of its infrastructure
  4. Questionable returns behavior becoming increasingly commonplace among US shoppers: report
  5. AI engines replacing search as starting point for affluent travel research: report 
  6. How HNW and ultra-affluent consumers qualify new relationships and introductions
  7. In 2024, expect more of the same in China. Now is the time to optimize
  8. Rise of experiential luxury in India 
  9. Two silent killers of luxury
  10. Marketing needs to catch up to consumer usage of AI
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. Announcing Luxury Marketer's Luxury Women Leaders to Watch 2027 
  2. Presentations + Sponsor Information from Luxury Roundtable and Luxury Marketer's Luxury Real Estate and Design Summit 2026 October 
  3. The Hyderabad Paradox: Where India’s fastest-growing luxury demand has run ahead of its infrastructure
  4. Questionable returns behavior becoming increasingly commonplace among US shoppers: report
  5. AI engines replacing search as starting point for affluent travel research: report 
  6. How HNW and ultra-affluent consumers qualify new relationships and introductions
  7. In 2024, expect more of the same in China. Now is the time to optimize
  8. Rise of experiential luxury in India 
  9. Two silent killers of luxury
  10. Marketing needs to catch up to consumer usage of AI


MORE IN China
Why simply speed in luxury is not the answer
September 7, 2026
In China, burden of proof moves from buyer to luxury brand
August 28, 2026
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



RECENT INTELLIGENCE
Presentations + Sponsor Information from Luxury Roundtable and Luxury Marketer’s Luxury Real Estate and Design Summit 2026 October Open to all readers
October 16, 2026
Bengaluru: Why India’s third luxury city has no luxury district Open to all readers
October 12, 2026
Announcing Luxury Marketer’s Luxury Women Leaders to Watch 2027 Open to all readers
October 8, 2026

Rise of experiential luxury in India Open to all readers
October 1, 2026
Yachting: Sea of sameness?
September 30, 2026
Gen Z, Millennial donors bring new approach to giving: report
September 30, 2026