Yves Saint Laurent news and archive

Luxury slowdown impacts Kering's Q3, sales fall 16 percent

Kering Group revenue in the third quarter was 3.8 billion euros, down 15 percent reported and 16 percent on a comparable basis. In the first nine months, the group generated revenue of 12.8 billion euros, down 12 percent both as reported and on a comparable basis. “With discipline and determination, we are executing a far-reaching transformation...

ManagementFeatured

Gucci-owner Kering forecasts 30 percent drop in H2 operating income

Kering’s group revenue of 9.1 billion euros for the first half period, down 11 percent as reported and on a comparable basis. In the second quarter, revenue totaled 4.5 billion euros, also down 11 percent as reported and on a comparable basis. Recurring operating income fell 42 percent to 1.6 billion euros and net income attributable to the...

ManagementFeatured

Kering forecasts sharp decline in H1 operating profit

Kering Group’s first quarter revenue of 4.5 billion euros, declined 11 percent as reported and 10 percent on a comparable basis. The company said in a statement that revenue from the directly operated retail network fell 11 percent on a comparable basis, as a result of lower store traffic. Revenue in the wholesale and other segments was also...

Retail

Kering acquires Milan's most expensive real estate

Luxury powerhouse Kering has made history with its acquisition of via Montenapoleone 8 in Italy, marking the largest single asset transaction ever recorded in the country. Purchased from Blackstone Property Partners Europe for a staggering 1.3 billion euros, the move underscores the importance for luxury conglomerates to secure prime locations...

Fashion Featured

Paris Fashion Week: Anthony Vaccarello's Saint Laurent is a sheer delight

Anthony Vaccarello’s vision for Saint Laurent’s Fall 2024 presentation turned out to be a sheer delight, quite literally, as the transparent and couture-like hosiery on display felt like an exercise in transparent craftsmanship. It was indeed pantyhose-chic. From sculpted body-hugging dresses, ruched tops, and turban hats to all those leggings,...

BusinessFeatured

Kering's lagging sales may be indicative of a global slowdown

Kering, the Paris-based luxury conglomerate, witnessed a significant downturn in sales during the third quarter, with group revenue plummeting by 13 percent to 4.5 billion euros. This sales slump extended across most of Kering's houses, including prominent brands like Bottega Veneta, Balenciaga, Gucci, and Saint Laurent. Notably, Gucci, once...

ManagementFeatured

Kering's Q3 revenues decline across brands

Kering Group revenue of 4.5 billion euros in the third quarter of 2023, was down 13 percent as reported and down 9 percent on a comparable basis, with revenues declining across its brand portfolio. In the first nine months of the year, the Group generated revenue of 14.6 billion euros, down 3 percent reported and 2 percent on a comparable basis....

Fashion

Dior and Saint Laurent bring contrasting feminisms to Paris

Christian Dior mocked sexist stereotypes while Saint Laurent was inspired by female pioneers at their Paris Fashion Week shows on Tuesday. Dior designer Maria Grazia Chiuri was coming off a PR coup after dressing Queen Camilla in a billowing midnight-blue silk dress for the state dinner at Versailles earlier this month. "I'm very happy to have...

PeopleFeatured

Kering Executive Shake-up: Marco Bizzarri exits Gucci, Saint Laurent chief appointed group head of brands

In a significant strategic manoeuvre, Italian luxury house Gucci has announced the imminent departure of its CEO, Marco Bizzarri, who is set to bid farewell to the brand in September. Kering Group transition In the wake of this leadership transition, Kering, the parent company of Gucci, has executed a top-level reshuffling, appointing former...

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

Kering splashes out 13 million pounds on London YSL store

Luxury conglomerate Kering has reportedly agreed to a “record” lease for a new Yves Saint Laurent store on Bond Street, London. The group splashed out a staggering 13 million pounds on the retail space, which is believed to have set a record rent for the UK, according to market sources for the Sunday Times. The property in question is a...

Business

Yves Saint Laurent files series of metaverse trademarks

Yves Saint Laurent has filed for a number of trademark applications hinting that the French luxury brand could be next in line to join the metaverse. According to the trademark applications, YSL is setting out to cover its name and logo within the realm of non-fungible token (NFT) and metaverse. The applications mainly centre around beauty and...