France’s Kering’s 2024 revenue falls 12% to $17.7 bn, retail sales 13%
Kering’s 2024 revenue has fallen 12 per cent YoY to €17.2 billion (~$17.7 billion), with retail sales down 13 per cent. The net income dropped to €1.2 billion (~$1.3 billion) from €3.1 billion. Gucci’s revenue declined 23 per cent, while Bottega Veneta grew 6 per cent. Q4 revenue also fell 12 per cent. CEO Pinault highlighted strategic moves to stabilise operations and enhance brand desirability.
Kering’s 2024 revenue has fallen 12 per cent YoY to €17.2 billion (~$17.7 billion), with retail sales down 13 per cent.
The net income dropped to €1.2 billion (~$1.3 billion) from €3.1 billion.
Gucci’s revenue declined 23 per cent, while Bottega Veneta grew 6 per cent.
Q4 revenue also fell 12 per cent.
CEO Pinault highlighted strategic moves to stabilise operations and enhance brand desirability.
