Tag #Gucci

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lemonde.fr

🌐 75% Global Worthiness

Sep 25, 07:18

Gucci's New Designer, Demna, Debuts with Film, Not Runway Show

Facing a significant revenue drop, Gucci appointed Demna as its new designer, debuting his collection not with a traditional runway show but a short film, "The Tiger," shown at Milan Fashion Week.

Gucci's New Designer, Demna, Debuts with Film, Not Runway Show

Facing a significant revenue drop, Gucci appointed Demna as its new designer, debuting his collection not with a traditional runway show but a short film, "The Tiger," shown at Milan Fashion Week.

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How did Demna choose to present his first Gucci collection, and what was the overall strategy?

Demna opted for a short film, "The Tiger," directed by Spike Jonze and Halina Reijn, instead of a traditional runway show due to time constraints. This cinematic approach aimed to generate buzz and showcase the collection in a unique way, leveraging the star power of its cast (Demi Moore, Edward Norton, Elliot Page, etc.) and wider appeal beyond fashion circles.

lexpress.fr

🌐 75% Global Worthiness

Jul 9, 07:18

Gvasalia's Move to Gucci Aims to Revive Kering's Struggling Flagship Brand

Demna Gvasalia, after a decade at Balenciaga, replaces Sabato de Sarno as Gucci's artistic director, aiming to reverse Gucci's declining performance which contributed to a 12% revenue drop and 64% net profit decrease for Kering in 2024.

Gvasalia's Move to Gucci Aims to Revive Kering's Struggling Flagship Brand

Demna Gvasalia, after a decade at Balenciaga, replaces Sabato de Sarno as Gucci's artistic director, aiming to reverse Gucci's declining performance which contributed to a 12% revenue drop and 64% net profit decrease for Kering in 2024.

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How does Gvasalia's unique design style and past controversies influence the expectations for Gucci's future direction?

Gvasalia's appointment aims to revitalize Gucci, which accounts for 44% of Kering's revenue and experienced a 12% revenue decline in 2024. Kering's overall net profit dropped by 64%. This unexpected move is intended to counter these losses.

bbc.com

🌐 90% Global Worthiness

Sep 15, 19:20

Data Breach at Kering Impacts Millions of Luxury Brand Customers

A data breach at Kering, the parent company of Balenciaga, Gucci, and Alexander McQueen, exposed the personal information of potentially millions of customers, including names, email addresses, phone numbers, and total spending amounts.

Data Breach at Kering Impacts Millions of Luxury Brand Customers

A data breach at Kering, the parent company of Balenciaga, Gucci, and Alexander McQueen, exposed the personal information of potentially millions of customers, including names, email addresses, phone numbers, and total spending amounts.

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How did the breach occur, and what actions has Kering taken in response?

Shiny Hunters, the perpetrator, claims to have gained access in April through Kering's systems. Kering confirmed the breach in June, notified affected customers, and secured its IT systems. They deny negotiating a ransom, adhering to law enforcement advice.

elpais.com

🌐 85% Global Worthiness

Jun 28, 10:15

De Meo Resigns from Renault, Joins Kering Amidst Luxury Industry Crisis

Luca de Meo, former CEO of Renault, resigned to become CEO of Kering, a luxury goods company struggling with decreased Chinese demand and US market uncertainty; Renault's stock fell 8.5%, while Kering's rose 12% upon the news.

De Meo Resigns from Renault, Joins Kering Amidst Luxury Industry Crisis

Luca de Meo, former CEO of Renault, resigned to become CEO of Kering, a luxury goods company struggling with decreased Chinese demand and US market uncertainty; Renault's stock fell 8.5%, while Kering's rose 12% upon the news.

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How did De Meo's leadership style and strategic decisions contribute to Renault's turnaround, and what lessons can be learned from his approach?

De Meo's five-year tenure at Renault involved significant restructuring, including a cost-cutting plan and the launch of new electric vehicle models. His departure comes as Renault reports increased revenue and profits, suggesting the success of his "Renaulution" plan. However, some analysts caution that external factors such as the pandemic and semiconductor shortage also contributed to these positive results.

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