According to Kering’s third quarter sales figures, the group’s turnover fell by 13% at published exchange rates and by 9% on an underlying basis, to 4.46 billion euros.
Kering’s revenue is in line with analysts’ estimates, most of whom had already lowered their expectations for the quarter and their stock price targets.
Gucci, Kering’s largest brand, reported revenue of €2.22 billion, down 14% on a reported basis and 7% on an underlying basis. Bottega fell 13 percent and Yves Saint Laurent 16 percent.
François-Henri Pinault, said that beyond the difficult macroeconomic conditions and the slowdown in demand in the luxury industry, “our third quarter turnover reflects the impact of our decision to further raise our brands and our distribution”.
“Managing our homes in the current market environment and regaining our position and influence” with the organization put in place by Kering in July. Following the acquisition of Creed last week, one of the world’s most distinguished fine fragrance houses has joined our family, propelling our beauty ambitions.
Montblanc’s CEO since 2016 Nicolas Baretzki will leave the Hamburg luxury house. He has had a turbulent tenure at Montblanc, part of Swiss luxury group Compagnie Financière Richemont, parent company of Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, Chloé, and Dunhill.
Calvin Klein has named Eva Vidal Dans as chief product officer she succeeds Jacob Jordan who had been global chief merchant and product strategist since October, 2020, and left in May.
The first name Davide comes from the Hebrew “daoud” which means “loved” or “cherished” a real program. As a result of Jeremy Scott’s recent departure, Moschino has appointed Davide Renne as its creative director. Aeffe, the Italian fashion group that controls brands such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Pollini and Moschino, announced the news Monday morning.
Like every year, the Etam Live Show 2023 marks the start of Paris Fashion Week. For this 16th edition, the French brand pays homage to one of the capital’s greatest nightlife temples: the Palace and its supercharged atmosphere. 
Spanish fashion company Inditex has joined the list of international companies temporarily closing operations in Israel. Worker safety would be a major concern said Zara. There are also obvious concerns about material losses.
Telling better stories and delivering what the creative designer would like to express may gain more consumer preferences and build a good foundation in the long run.
Show, show, show the screen will be show. Here, it is the Villa Noailles, but, in reality, we are at the foot of the Eiffel Tower, in Paris, and I watch my fear live which suddenly becomes obscure. A Victorian sap “invitation to the coronation obliges” had to sing or shut up, so I loosened my fist from my calame and grabbed Virginie Viard’s harvest, just for a moment.
The Comme des Garçons show on Friday evening felt like she could not stop herself from adding more zany prints, color, texture, sparkle and volume, resulting in some of the largest, strangest collections yet.