Kering Steps Up: Moving Beyond Gucci for Sustainable Growth
Kering, the renowned luxury conglomerate, has announced a bold new move to shake up its business strategy. The iconic company is rolling out an 18-month restructuring program to reduce its heavy dependence on Gucci. This strategic shift comes after a period of sluggish sales and aims to ignite growth across all Kering’s luxury brands.
A New Era for Kering’s Other Luxury Brands
Kering has long been synonymous with the Gucci brand, which accounts for a significant chunk of its revenue. However, recent sales challenges have forced the group to rethink its game plan. This restructuring signals Kering’s commitment to nurturing all its luxury labels — not just its flagship. The goal? To ensure that brands like Saint Laurent, Bottega Veneta, and Balenciaga get their time to shine and contribute more to the group’s overall growth.
Honestly, you have to admire Kering’s determination. When life gives you lemons (or disappointing sales numbers), you launch a company-wide shakeup. Who says fashion isn’t about bold moves?