Tag #Kering

Showing 1 to 11 of 11 results

liberation.fr
🌐 85% Global Worthiness
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Kering Data Breach Exposes Customer Information

Luxury group Kering confirmed a data breach impacting millions of customers, exposing names, email addresses, phone numbers, addresses, and total purchase amounts; however, the company assures that no financial or personal identification information was compromised.

Progress

20% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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LVMH Profit Down 15% Amidst Luxury Market Slowdown

LVMH, owner of Louis Vuitton and Dior, reported a 4% revenue drop and 15% decline in operating profits in the first half of 2024, reflecting a broader slowdown in the luxury goods market due to reduced consumer spending, geopolitical uncertainty, and US tariffs.

Progress

44% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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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.

Progress

40% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 75% Global Worthiness
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Renault CEO Luca de Meo Resigns, Set for Luxury Sector Move

Renault CEO Luca de Meo is resigning on July 15th, 2024, to pursue opportunities in the luxury sector after leading a successful turnaround at the French automaker, marked by a strategic shift to electric vehicles and improved financial performance, leaving behind a transformed company with a strong...

Progress

32% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Balenciaga Appoints New Creative Director Amidst Industry Shake-Up

Pierpaolo Piccioli replaces Denma as Balenciaga's creative director in October 2025, marking a shift from the brand's "memecore" style following a 12% revenue drop at parent company Kering in 2024 and recent controversies.

Progress

48% Bias Score

Decent Work and Economic Growth
apnews.com
🌐 85% Global Worthiness
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Notre Dame Reopening: A Luxurious Restoration Sparks Debate

The reopening of Notre Dame Cathedral in Paris, following an 840 million euro restoration largely funded by LVMH and Kering, showcased the brands' extensive influence at the ceremony, sparking debate over the appropriateness of such prominent branding in a sacred space.

Progress

64% Bias Score

Responsible Consumption and Production
bbc.com
🌐 90% Global Worthiness
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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.

Progress

36% Bias Score

Reduced Inequality
lexpress.fr
🌐 75% Global Worthiness
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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.

Progress

44% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Renault CEO De Meo Departs for Kering

Luca de Meo, Renault's CEO, is leaving on July 15th to join Kering after successfully turning around Renault's performance following significant losses and navigating challenges like COVID-19 and the withdrawal from Russia; his replacement at Renault will be chosen quickly to avoid a Stellantis-like...

Progress

60% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 65% Global Worthiness
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Balenciaga: Brand Image vs. Profitability

Balenciaga, founded in 1937, has evolved from a high-fashion house focused on quality under Cristóbal Balenciaga to a luxury brand prioritizing viral marketing and high prices, resulting in questions about its profitability despite its widespread cultural presence and significant counterfeiting.

Progress

56% Bias Score

Responsible Consumption and Production
themarker.com
🌐 85% Global Worthiness
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European Markets Mixed Amid Trade Hopes, Kering's Slump

European markets saw mixed results today, with London up 0.1%, Frankfurt down 0.4%, Paris down 0.6%, and the STOXX 600 down 0.3%, influenced by both US-China trade optimism and corporate earnings reports like Kering's 14% revenue drop. The dollar weakened against major currencies, while US markets c...

Progress

52% Bias Score

Reduced Inequality

Showing 1 to 11 of 11 results