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Can Kering Shake Off Gucci’s Growth Hangover?

The Italian mega-brand’s uneven pandemic rebound has some investors worried after years of dizzying growth.
A retro bus was part of a Gucci activation in Shanghai, China in July 2021. Events to promote the brand's latest collection are now on hold due to coronavirus restrictions in cities including Shanghai.
A retro bus was part of a Gucci activation in Shanghai, China in July 2021. Events to promote the brand's latest collection are now on hold due to coronavirus restrictions in cities including Shanghai. (Future Publishing)
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BoF PROFESSIONAL

When Paris-based luxury conglomerate Kering reported first-quarter sales last Thursday, the overall picture was rosy: explosive growth at its second-biggest brand, Saint Laurent, helped the group’s revenues climb 21 percent on a comparable basis, 6 percent ahead of estimates.

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This week, everyone will be talking about Kering’s first-quarter results and the latest fashion documentary, about the rise and fall of Abercrombie & Fitch.

About the author
Robert Williams
Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

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