• PRTP

Gucci sales slump continues as market awaits turnaround

Kering's Gucci faces weak sales and design leadership change. The company anticipates a slow recovery, focusing on cost controls while smaller brands perform better than expected.

• PRTP

Design chief De Sarno leaves Gucci as brand seeks revival

Gucci design chief Sabato De Sarno is leaving after less than two years amid declining sales; concerns arise over the brand's recovery prospects and industry challenges.

• PRTP
• USD/CNY

Trouble in China's shopping paradise as Hainan duty-free spending tumbles

• BRBY
• CFR
• LVMH
• PRTP

Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers

Luxury brands are shifting focus to affordable products to capture middle-class consumers, risking profit margins amid declining demand and economic pressures.

• AAPL
• AMZN
• BTC/USD
• ETH/USD
• PRTP
• PYPL

As bitcoin soars, luxury brands consider accepting crypto payments

• 1913
• BCU
• LVMH
• MONC
• PRTP

European luxury stocks gain as Goldman sees 'modest' growth in 2025

Goldman Sachs predicts modest growth in European luxury stocks by 2025; underscores investment opportunities despite risks, focusing on pricing strategies and strong brand positioning.

• PRTP

Luxury stocks: Will 2025 be a year of Gucci?

Gucci's outlook for 2025 remains challenging with potential sales declines, rising costs, and economic pressures, while Kering struggles to balance investments and profitability.

• 9983
• CFR
• EMPa
• HMb
• ITX
• JMT
• L
• NKE
• OREP
• PRTP
• REXP
• WMT
• WN

Factbox-Top 20 global family-owned retail businesses

• PRTP

Kering shares up, shrugging off 2024 operating profit warning

Kering shares rose 0.5% despite a warning of a nearly 50% drop in 2024 income, amid weak demand in China and a 16% revenue drop. Analysts highlight low margin visibility.

• ACCP
• ADP
• ATOS
• CL
• DX
• ESLX
• ETL
• EUR/GBP
• EUR/USD
• FCHI
• GC
• LCO
• PRTP
• SBF120
• SPIE
• TCFP
• URW
• VIV

France stocks lower at close of trade; CAC 40 down 0.67%

France's stock market fell, led by Consumer Goods, Oil & Gas, and Financials, with notable gains from EssilorLuxottica. The CAC 40 and SBF 120 indices both declined.