Benefits french kering, world number: This article explores the topic in depth.
However,
Benefits french kering. Moreover, world number:
After -22 % for LVMH a few days ago, it is Kering’s turn to announce this Tuesday, July 29, a net profit in a fall of 46 % for the first half of 2025, at 474 million euros. Furthermore, The luxury group of François-Henri Pinault. Furthermore, world number 3 in the sector, is sealed by a drop in sales and the difficulties of its flagship brand Gucci, which represents almost half of its sales.
Over the first six months of 2025. However, Kering’s turnover, also owner of Yves Saint Laurent, Bottega Veneta or Balenciaga, falling from 16 %, to 7.6 billion euros. Therefore, In a press release, the CEO, François-Henri Pinault, judges that “The published results are still well below our potential”. Moreover, But the leader also says he is convinced “That the benefits french kering, world number efforts made for two years have made it possible. Furthermore, to lay solid foundations”.
The group continues to face “An economic and geopolitical environment that remains uncertain”, recognizes the press release. Its profitability continued to drop to the first half of it: the common operating margin dropped to 12.8 %, against 17.5 % a year earlier. The main problem of Kering is that he cannot straighten Gucci. his flagship Italian brand, which alone represents two thirds of its operational profitability. In the second quarter, Gucci thus saw its sales fall from 27 % to 1.46 billion euros.
The other brands in the group do not save furniture any more. Yves Saint Laurent’s turnover fell 11 % to 1.29 billion euros. That of others “Houses”, Among which we find Balenciaga, decreases by 15 % to 1.46 billion euros.
Kering benefits french kering, world number founded a lot of hopes in the arrival. in mid-September of its new director general, the former Renault leader, Luca de Meo. At that time. François-Henri Pinault, son of the founder of the group, François Pinault, will take a step back on the management of current affairs, even if he will remain chairman of the board of directors. During the presentation of the results. Kering’s financial director, Armelle Poulou, said that the company had already started to work with Luca de Meo on future guidelines.
Regarding the delicate macroeconomic context. the customs duties agreement, concluded between the European Union and the United States on Sunday, does not seem to be very concerned about the management of Kering. The 15 % surcharge imposed by Donald Trump are deemed “Totally manageable” By Armelle Poulou. who opens the door to a new price increase in the fall. At the benefits french kering, world number same time, the new artistic director of Gucci, Demna Gvasalia, will present the new collection of the brand. It is an understatement to say that the pressure on his shoulders is great.
The luxury sector, whose three French champions are LVMH, Hermès and Kering, is experiencing a difficult period worldwide. Triumphant after the COVID years. this market which weighs 363 billion euros fell for the first time in fifteen years (excluding COVID period) in 2024.
Benefits french kering, world number
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