|
|
 |
Gucci Sales Slump 10% in Quarter
(Source: LuxuryBrandNetwork.com)
In the third quarter of 2009, sales of Gucci Group dropped by 10.0% on a comparable basis. Sales in directly operated stores posted robust performances, while wholesale activities suffered from the economic difficulties facing department stores and franchisees. . . . keep reading
|
Gucci Continues China Expansion
(Source: London Guardian)
Gucci CEO Patrizio Di Marco will not slow down China expansion plans, despite the current economic climate. The company just opened its 28th Chinese location and plans to end the year with between 30 and 32 stores. . . . keep reading
|
Gucci Group Sales Up 21% in Emerging Markets
Despite a comparable store sales decrease of 3.4% globally for the quarter ended 31 March, the Gucci brand itself showed tremendous resilience. Sales for Gucci-branded merchandise rose 1% on a comparable basis while revenue for Bottega Veneta, Yves Saint Laurent and the Group's other brands all fell. . . . keep reading
|
Hugo Boss Shuffles Execs (1/4)
Hugo Boss has promoted its Chief Operating Officer, Hans Fluri, to Chairman of Red & Black Lux S.a.r.l., the parent company of Valentino Fashion Group, which in turn is the major shareholder of Hugo Boss AG. . . . keep reading
|
Stella McCartney Picks Outsider as CEO (12/4)
Stella McCartney has tapped Lanvin's current director of business development, Fred Lukoff, as its new CEO and President. He will replace Marco Bizzarri who is moving to head up Bottega Veneta. Both companies are divisions of Gucci Group. . . . keep reading
|
Gucci Group Revenue Rises 8.8%
Paris-based Gucci Group, a division of PPR, reported an 8.8% revenue increase on a constant currency basis for the quarter ended 30 September 2008 compared to the previous year. . . . keep reading
|
Gucci Denies Booting CEO Lee
Despite year-to-date results that have failed to impress, Gucci's parent PPR insists CEO Mark Lee's has resigned voluntarily to "pursue other interests" and "rebalance" his life. . . . keep reading
|
Gucci Group Profit Jumps 36.4%
Gucci parent PPR reported that first-half revenue from continuing operations for its Luxury Goods division rose 12.6% while profit rose 36.4%, excluding the effects of currency translation. . . . keep reading
|
|
|
|
Receive free e-mail summaries containing news, exclusive analysis, competitive intelligence, trends and data for top luxury executives.
|
|
LuxuryBrandNetwork.com provides the exclusive analysis, tips, trends and data that luxury executives need to make informed decisions.
Keep on top of luxury best practices, competitive intelligence and emerging trends by signing up today. It's completely free and you may unsubscribe at any time.
Who Should Subscribe?
• Executives of luxury companies
• Luxury brand managers
• Brand managers with premium products
• Brand managers contemplating launch of premium products
• Corporate marketing professionals
• Advertising executives
• Luxury brand sales professionals
• Luxury brand service executives
• Ad agency personnel
• Corporate PR professionals
• Third-party PR professionals
• High-net worth financial service professionals
|
|
|
|
