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Luxury Giant Kering to Chart Path for Gucci Turnaround

On Thursday, Chief Executive Luca de Meo presented Kering's 'ReconKering' strategic roadmap in Florence, aiming to revive growth for the flagging Gucci label amid years of underperformance.
Gucci sales declined 14% to €1.35 billion in the first quarter of 2026, hit by shrinking demand in China and a cautious consumer environment due to the Middle East conflict.
Kering plans to close at least 100 stores this year and targets doubling its recurring operating margin to at least 22% in the medium term to improve profitability.
Analysts at Paris-based ODDO BHF noted the group's trajectory is moving right, yet "Gucci's turnaround is not yet reflected in the numbers," signaling skepticism on timing.
The roadmap unfolds across three phases: structural reset by end-2026, rebuild phase by 2028, and reclaiming leadership as the reference player in Next Luxury by 2030.

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38 Articles

InsideNoVA.com

+5 Reposted by 5 other sources

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Luxury group Kering seeks to make flagging Gucci 'unmissable' again

French luxury group Kering promised Thursday to make its flagship Gucci brand once again "unmissable" and boost production of leather goods as it seeks to turn around its financial performance.

4 hours ago

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CNBC

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Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci

The "ReconKering" strategy announced Thursday includes more than doubling its 2025 recurring operating margin of 11.1%.

6 hours ago·United States

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KAKE News

+6 Reposted by 6 other sources

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Kering seeks to 'reignite desirability' with Gucci reset

French luxury group Kering vowed Thursday to "reignite desirability" of its flagging Gucci label, once the jet set's most coveted brand, as it seeks to turn around its financial performance.

7 hours ago

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Handelsblatt

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Kering: De Meo Wants to Double the Operating Margin of the Luxury Group

The turnover of the Gucci parent company has recently suffered. On a capital market day, the head of the Group promises its investors higher profits.

9 hours ago·Düsseldorf, Germany

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WWD

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Kering Aims to Double Profitability ‘Mid-term’ as Part of Strategic Roadmap

Kering aims to more than double its 2025 recurring operating margin in the “mid-term” as part of its Capital Markets Day presentation.

9 hours ago·United States

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Daily Journal

+17 Reposted by 17 other sources

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Luxury giant Kering to chart path for Gucci turnaround

When executives from luxury giant Kering sit down for an investors' day in Florence on Thursday, the troubled Italian fashion icon Gucci is likely to be foremost in their minds.

12 hours ago·Cherokee County, United States

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