Kering hit by weak sales at Gucci
Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround. Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.
Indianapolis-based Simon is the new owner of two Italian luxury outlet malls where the roster of shops includes Armani, ...
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Malls Are Betting You Still Want That Gucci Bag—at a DiscountBut the outlet store sells merchandise at up to 65% off ... on a deep roster of the most coveted European brands, including Gucci, Prada and Saint Laurent. Many luxury outlets depend on ...
Simon Property Group bought 100 percent of Kering ’s The Mall Luxury Outlets, which it established in 2001. The Mall operates two outlet centers in Italy — one near Florence in Leccio and another on ...
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