Gucci news and archive

Gucci merges South Korean heritage with its own design codes for Cruise 2024 collection

Italian luxury house Gucci took to Gyeongbokgung Palace in Seoul, South Korea, this week to present its Cruise 2024 collection, where it attempted to merge its own historic design codes with those of the East Asian region. In what the luxury label said was a “shared style language”, the collection looked to reflect Gucci’s own community brought...

Fashion Featured

Not so carbon neutral: Gucci adjusts sustainability goals

Gucci is under scrutiny for reportedly adjusting its approach to reduce its environmental impact, raising questions about the future of sustainable fashion. The report has drawn attention to Gucci's ambitious decadelong plan to reduce its environmental footprint, according to the Business of Fashion. Gucci was very vocal about its carbon neutral...

Fashion Featured

Eurovision to boost UK retailers as shoppers splurge on fancy dress

The Eurovision Song Contest's return to the UK after 25 years is expected to bring significant financial gains for retailers and hospitality venues. According to the Eurovision Spending Report commissioned by savings site VoucherCodes.co.uk, it is projected that a staggering 470 million pounds will be generated from the event, which will take...

Fashion

Gucci unveils more details of its upcoming Seoul show

Gucci has revealed further details about its upcoming cruise 2024 show in Seoul, South Korea. The show is set to take place on 16 May, a day later than previously announced, at the Gyeongbokgung Palace. The palace's main hall, known as Geunjeongjeon, is a historically significant location in South Korea, built in 1395 and used for important...

Report

Kering announces departure of board director Daniela Riccardi

At the board meeting on April 27, 2023, Daniela Riccardi submitted her resignation from her position as a director of Kering, the position she held since 2014. The company said in a release that on his own behalf and on behalf of the board of directors, chairman François-Henri Pinault warmly thanked Riccardi for her involvement and her...

ManagementFeatured

Kering: Q1 revenues improve marginally by 1 percent

In the first quarter of 2023, Kering Group’s revenue grew by 2 percent as reported and by 1 percent on a comparable basis to 5,077 million euros, with trends improving throughout the period. “Kering’s performance in the first quarter remained mixed, as we had anticipated. As we work to augment the desirability of our brands and raise their...

Retail

Gucci opens private clients-only store in Los Angeles

Debuting a deluxe concept store in the US, Gucci took to the upscale shopping hub of Los Angeles’ Melrose Place to place its new Gucci Salon: a private, client-only destination for the fashion house’s most premiere habitués in a 4,380-square-foot space that was previously a Marc Jacobs boutique. Stocked with red carpet gowns and special...

Business

Gucci raided in EU antitrust probe

Paris - EU investigators have searched Gucci's offices in Italy as part of a probe into suspected anticompetitive practices, the fashion house's parent company Kering and the European Commission said Wednesday. Kering said it "is fully cooperating with the Commission in the context of this investigation", adding that the inspections had begun on...

Business

Gucci metaverse head Robert Triefus to step down

Robert Triefus, a veteran of Gucci, is reportedly set to exit the luxury brand 15 years after he initially joined. Triefus’ departure comes just six months after he was appointed chief executive officer of Gucci Vault and Metaverse Ventures, which he took on alongside his position as senior executive vice president, corporate and brand strategy....

Culture

A fake Gucci café opened in Moscow

A Gucci eatery has popped in Moscow. With plush double G upholstery, tongue-in-cheek branding and a looming Café Gucci logo, it appears to be a bonafide hack not unlike the luxury house’s hacking of Balenciaga several seasons ago. Except that Gucci has paused operations in Russia, where like most international brands it has closed its stores...

Fashion |OPINION Featured

Is the sneaker trend running out of steam?

When the New York-based footwear company Common Projects launched their minimalist white sneaker, the Achilles, in 2004, there was little to forecast the brand would soon exceed 10 million dollars in annual sales and inspire countless imitations. With a branding signature of gold digits printed across the heel portion of the shoe’s upper, the...

Business

Gucci and Burberry join start-up platform aiming to 'protect' luxury product value

Tech start-up Labell-D has launched a new platform that looks to help consumers protect the value of their luxury products through validated pricing. Powered by Web3 software engine Digital Label, the ‘Luxury Asset Exchange’ hopes to offer consumers a way to reframe retail for smarter consumption, which Labell-D says is more circular and...