July 2, 2022

These are the tales making headlines in style on Wednesday.

How will Kering deal with Gucci’s slowing development trajectory?
Gucci’s development is at the moment slowing, as numbers from Kering’s first-quarter report final Thursday indicated, spooking shareholders. As Robert Williams reviews for Enterprise of Style, the father or mother firm factors to “excessive publicity to Chinese language customers, and significantly Shanghai, to elucidate the dip.” However with analysts predicting a “widening hole between Gucci and faster-growing rivals,” there’s concern. As a way of bolstering the model’s gross sales, Kering is rolling out extra Gucci shops within the U.S., the place luxurious gross sales proceed to surge. {Enterprise of Style}

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