Luxury Roundtable
Comment

Couture, fashion and leather goods

Slack in Gucci, Yves Saint Laurent, Bottega Veneta weighs down Kering’s 2023 revenue, profits

February 8, 2024

Kering has seen sales at Gucci slow down after the departure of star creative director Alessandro Michele. Seen: Gucci fashion jewelry campaign. Image: Gucci Kering has seen sales at Gucci slow down after the departure of star creative director Alessandro Michele. Seen: Gucci fashion jewelry campaign. Image: Gucci

 

By Luxury Roundtable Intelligence

Revenue at Gucci owner Kering totaled $21.1 billion (€19.6 billion) in 2023, a decrease of 4 percent as reported, including significant impacts from changes in exchange rates and the scope of consolidation (-4 percent and +2 percent, respectively) and down 2 percent on a comparable basis.

This content is accessible only to members of Luxury Roundtable. We would love for you to become a member and enjoy the many benefits soon after. Please click here to enroll as a member of Luxury Roundtable. Already a member?
 
NEW INTELLIGENCE

MOST READ
  1. Last chance to register for Luxury Real Estate and Design Summit New York 
  2. Announcing the 3rd annual Luxury Real Estate and Design Summit Oct. 14 in New York 
  3. Global luxury spending to stay flat at $1.66 trillion in 2025 as shopper base shrinks 
  4. Why luxury brands must combine online media with offline channels for affluent consumer attention 
  5. What does it take to be a CMO of the future?
  6. Why licensing in luxury and fashion maintains its allure 
  7. Luxury in China: Turning the corner or still in the tunnel? 
  8. How accessible luxury brands can leverage new loyalty strategies without eroding brand equity 
  9. How luxury brands should retain the attention of Very Important Clients and One-Percenters in China and elsewhere 
  10. 2023’s Top 10 US luxury second-home markets and ones to watch in 2024


MORE IN Couture, fashion and leather goods
The chokehold of Carolyn Bessette Kennedy: Style frozen in time and the architecture of luxury
March 5, 2026
How should global luxury firms navigate a destabilized Middle East?
March 4, 2026
Luxury must rethink the codes of masculine status
February 12, 2026
2026 will likely be another year of dislocation for fashion: report
November 20, 2025
Luxury fashion sector needs to reinvent amidst widespread global slowdown
January 13, 2025
Stinaa.J and the rise of orthopedic luxury footwear
November 26, 2024



RECENT INTELLIGENCE
Last chance to register for Luxury Real Estate and Design Summit New York
October 12, 2026
Photos from the Luxury Commercial Real Estate Summit 2026
September 22, 2026
Announcing the 3rd annual Luxury Real Estate and Design Summit Oct. 14 in New York
September 21, 2026

2 weeks left! Register now for the Luxury Commercial Real Estate Summit NYC
September 1, 2026
3 weeks left for luxury’s No. 1 conference for retail, office and mixed use
August 25, 2026
Meet our Sept. 16 summit speakers who shape America’s skyline
August 4, 2026