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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.

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