(Bloomberg) — Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround. Sales dropped 25% at Gucci on a comparable basis, Paris-based Kering said Wednesday. Analysts were expecting a 24% drop. Kering, which also owns Yves Saint Laurent, Bottega Veneta and Balenciaga, gets more than 60% of its profit from Gucci, making a recovery at the ailing label crucial for the French group. The company, controlled by the billionaire Pinault family, last month tapped Demna Gvasalia — known as Demna — to be its next Gucci designer. Demna spent a decade as Balenciaga’s artistic director, overseeing strong growth with attention-getting looks such as the Triple S sneakers, recognizable by their exaggerated size. But Gucci is a much bigger brand, and moving on to a new designer for the second time in about two years means any turnaround will take time. “Demna is part of the group, he’s already working with the teams at Gucci,” Chief Financial Officer Armelle Poulou said on a call with reporters, declining to confirm when he will unveil his debut collection for the label. Kering shares have declined 50% in the past year, a worse performance than rivals Richemont, Hermes and LVMH. Beyond Kering’s internal issues, the broader luxury market is stuck in a period of weak growth caused in part by Chinese shoppers reining in purchases. US tariffs and an escalating trade war have further darkened the outlook for the industry. Kering has “capacity to protect its margins through price increases” in the US, Poulou said, adding that the group is still analyzing the initial tariff announcements. Even the more resilient luxury groups, such as LVMH Moët Hennessy Louis Vuitton SE and Hermès International SCA, recently posted disappointing results. Overall, Kering sales fell 14% in the first quarter. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Sales for Gucci have sharply declined as the Kering brand faces difficulties in boosting consumer interest.
