The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Kering SA, the owner of luxury brands Gucci and Bottega Veneta, says its profit slumped 64 percent in the first half of the year due to a loss on the sale of its French books-and-music chain Fnac.
The company, which changed its name from PPR last month, reported net profit of 173 million euros ($228.39 million) for the first six months of the year, down from 477 million euros a year earlier.
Kering's first-half accounts were weighed down by a loss on the sale of shares in Fnac as the company focuses on its luxury and sport and lifestyle brands.
In a statement Thursday Kering said transformation of the sport and lifestyle division, which includes Puma, is underway but wouldn't result in an earnings rebound by year's end.
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From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.