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Gucci s Q1 Sales Drop 18%—What To Know About The Luxury House s Struggles

Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.

Diamonds net - Kering to Sell Its Two Luxury Watch Brands

RAPAPORT. Kering, the Paris-based luxury conglomerate, has agreed to sell timepiece brands Girard-Perregaux and Ulysse Nardin to the managers that currently run them.The group has signed a deal to divest 100% of its stake in Sowind Group, a holding company that owns the two Swiss.

Diamonds net - RJC, Luxury Brands Launch Environmental Initiative

The Responsible Jewellery Council (RJC) has partnered with Kering and Cartier to challenge companies to meet environmental targets.“Business can be a force for positive change and impact by supporting a global economy that protects people, the planet and the natural systems that sustain us,”.

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