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Agenda-setting intelligence, analysis and advice for the global fashion community.

Kering’s Woes Deepen as Gucci Sales Tumble 25%

Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.
With the right designer in place, and a clarified business vision, Gucci has all the elements needed to make it a success again.
Gucci Autumn/Winter 2025. (Getty Images)

Gucci

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