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Kering CEO pledges to double profit margins and revive Gucci brand​

Kering CEO pledges to double profit margins and revive Gucci brand​

By Tassilo Hummel FLORENCE, Italy, April 16 (Reuters) - Kering CEO Luca de Meo pledged to more than double the luxury group's operating profit margin and boost the appeal of its flagship brand Gucci as he sought to reassure investors unnerved by economic uncertainty and war in the Middle East.
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Gucci can no longer treat China like a 'trash bin', Kering CEO says

Gucci can no longer treat China like a 'trash bin', Kering CEO says

By Tassilo Hummel FLORENCE, Italy, April 16 (Reuters) - Kering's biggest brand Gucci must rebuild its position in China after years of complacency when it treated the market as a place for easy growth, with poorly located stores and an outdated retail experience, Kering CEO Luca de Meo said on
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Luxury brands book sales drop as Mideast war takes toll on airport shopping

Luxury brands book sales drop as Mideast war takes toll on airport shopping

By Arriana McLymore, Helen Reid and Tassilo Hummel NEW YORK/LONDON/PARIS, April 15 (Reuters) - From DFS to Avolta, duty-free stores selling premium perfumes and spirits to big spenders are feeling the pinch as conflict in the Middle East shuts airports and curbs travel to the region, a setback
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Kering Faces 10.2% Share Drop Amid Gucci's Ongoing Sales Decline

Kering Faces 10.2% Share Drop Amid Gucci's Ongoing Sales Decline

Kering Faces 10.2% Share Drop Amid Gucci's Ongoing Sales Decline
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European shares flat as investors weigh corporate earnings; Middle East in focus

European shares flat as investors weigh corporate earnings; Middle East in focus

April 15 (Reuters) - European shares were muted on Wednesday following the previous day's rally, as investors evaluated a range of corporate earnings reports while monitoring the evolving situation in the Middle East. The pan-European STOXX index edged up 0.05% to 620.24 points as of 0715 GMT.
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Kering's Gucci Sales Decline Continues to Impact Overall Performance

Kering's Gucci Sales Decline Continues to Impact Overall Performance

Kering's Gucci Sales Decline Continues to Impact Overall Performance
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Kering shares slide after Gucci sales disappoint

Kering shares slide after Gucci sales disappoint

MILAN/PARIS, April 15 (Reuters) - Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges in reviving the brand's appeal.
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Kering Announces Minority Investment in Chinese Fashion Group Icicle to Boost Global Expansion

Kering Announces Minority Investment in Chinese Fashion Group Icicle to Boost Global Expansion

Kering Announces Minority Investment in Chinese Fashion Group Icicle to Boost Global Expansion
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Gucci sales extend falls as Iran war clouds de Meo turnaround

Gucci sales extend falls as Iran war clouds de Meo turnaround

PARIS, April 14 (Reuters) - Sales at Kering's Italian flagship brand Gucci dropped by 8% in the first quarter from the previous year, the 33 billion euro ($39 billion) fashion group said on Tuesday in what it called a "first step" in its recovery.
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Analysis-After tackling Kering's debt problems, de Meo faces the Gucci challenge

Analysis-After tackling Kering's debt problems, de Meo faces the Gucci challenge

By Tassilo Hummel MILAN, April 14 (Reuters) - Seven months into the job, Luca de Meo has bought himself time as CEO of Gucci owner Kering. This week he has to prove he knows how to use it.
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Major Tech Companies Announce New Smart Glasses and AI Features for 2026

Major Tech Companies Announce New Smart Glasses and AI Features for 2026

Major Tech Companies Announce New Smart Glasses and AI Features for 2026
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LVMH flags sales impact of Iran war in blow to hopes for luxury revival

LVMH flags sales impact of Iran war in blow to hopes for luxury revival

PARIS, April 13 (Reuters) - French luxury giant LVMH suffered a heavy impact from the Middle Eastern conflict https://www.reuters.com/world/iran/, it said on Monday, as sales fell in the Gulf and many rich tourists from the region also stopped spending in Europe.