Kering returns to growth as Gucci decline eases in H1
The French luxury conglomerate is showing signs of a turnaround under CEO Luca de Meo, posting second-quarter comparable sales growth of 2 percent.
本条来自 Luxury Daily（Luxury / 资讯），聚焦 Kering、Gucci、奢侈品、业绩复苏。 The Horsebit Ristretto medium shoulder bag. Image courtesy of Gucci French luxury conglomerate Kering is offering investors the first tangible evidence that its turnaround is taking hold. In the second quarter of 2026, the group generated revenues of 3.65 billion euros, or about $4.3 billion at current exchange, up 1 percent y-o-y on a reported basis, returning to growth. Revenue reached 7.2 billion euros, or $8.23 billion at current exchange, during the first half of 2026, down 3 percent y-o-y on a reported basis but up 1 percent comparably. “Kering delivered improved performance in the second quarter, with revenue returning to growth,” said Luca de Meo, CEO of Kering, in a statement. “Across the Group, we are seeing early signs of progress in brand desirability, commercial momentum and operating performance,” Mr. de Meo said. “The quarter also showed sequential acceleration, including at Gucci, driven by the actions taken over recent months.” Early recovery Gucci generated 1.41 billion euros, or $1.61 billion, during the second quarter, representing a 3 percent reported decline and a 2 percent comparable decrease. Sales through directly operated stores fell 2 percent comparably, improving by 7 percentage points from the first quarter. Kering attributed the shift to stronger client engagement, renewed retail momentum and the launches of the Borsetto and Paparazzo lines. For the full six-month period, Gucci revenue declined 9 percent y-o-y as reported to 2.76 billion euros, or $3.14 billion at current exchange. In the second quarter of 2026, the group generated revenues of 3.65 billion euros, or about $4.3 billion at current exchange, up 1 percent y-o-y on a reported basis. Image credit: Shutterstock Jewelry remained the group’s fastest-growing segment. Second-quarter revenue rose 15 percent as reported, supported by Boucheron, Pomellato and Qeelin. Kering Eyewear increased second-quarter revenue by 7 percent as reported y-o-y, aided by initiatives from Lindberg, Maui Jim and Valentino. “These first-half results demonstrate the positive impact of the decisive measures we have taken to reinforce the distinctiveness of our brands, simplify our organization and increase effectiveness across the Group,” Mr. de Meo said, in a statement. “We are also advancing the rollout of our Group platforms, leveraging technology to enhance efficiency, strengthen client engagement and support stronger execution across our Houses,” he said. “While the market environment remains demanding, we are focused on delivering our roadmap with discipline and consistency, creating the foundations for sustainable growth and long-term value creation.”
The French luxury conglomerate is showing signs of a turnaround under CEO Luca de Meo, posting second-quarter comparable sales growth of 2 percent
- The Horsebit Ristretto medium shoulder bag
The French luxury conglomerate is showing signs of a turnaround under CEO Luca de Meo, posting second-quarter comparable sales growth of 2 percent
The Horsebit Ristretto medium shoulder bag. Image courtesy of Gucci French luxury conglomerate Kering is offering investors the first tangible evidence that its turnaround is taking hold. In the second quarter of 2026, the group generated revenues of 3.65 billion euros, or about $4.3 billion at current exchange, up 1 percent y-o-y on a reported basis, returning to growth. Revenue reached 7.2 billion euros, or $8.23 billion at current exchange, during the first half of 2026, down 3 percent y-o-y on a reported basis but up 1 percent comparably. “Kering delivered improved performance in the second quarter, with revenue returning to growth,” said Luca de Meo, CEO of Kering, in a statement. “Across the Group, we are seeing early signs of progress in brand desirability, commercial momentum and operating performance,” Mr. de Meo said. “The quarter also showed sequential acceleration, including at Gucci, driven by the actions taken over recent months.” Early recovery Gucci generated 1.41 billion euros, or $1.61 billion, during the second quarter, representing a 3 percent reported decline and a 2 percent comparable decrease. Sales through directly operated stores fell 2 percent comparably, improving by 7 percentage points from the first quarter. Kering attributed the shift to stronger client engagement, renewed retail momentum and the launches of the Borsetto and Paparazzo lines. For the full six-month period, Gucci revenue declined 9 percent y-o-y as reported to 2.76 billion euros, or $3.14 billion at current exchange. In the second quarter of 2026, the group generated revenues of 3.65 billion euros, or about $4.3 billion at current exchange, up 1 percent y-o-y on a reported basis. Image credit: Shutterstock Jewelry remained the group’s fastest-growing segment. Second-quarter revenue rose 15 percent as reported, supported by Boucheron, Pomellato and Qeelin. Kering Eyewear increased second-quarter revenue by 7 percent as reported y-o-y, aided by initiatives from Lindberg, Maui Jim and Valentino. “These first-half results demonstrate the positive impact of the decisive measures we have taken to reinforce the distinctiveness of our brands, simplify our organization and increase effectiveness across the Group,” Mr. de Meo said, in a statement. “We are also advancing the rollout of our Group platforms, leveraging technology to enhance efficiency, strengthen client engagement and support stronger execution across our Houses,” he said. “While the market environment remains demanding, we are focused on delivering our roadmap with discipline and consistency, creating the foundations for sustainable growth and long-term value creation.”
本条目归入「Luxury Fashion」垂直，涉及真实话题：Kering、Gucci、奢侈品、业绩复苏。
· 市场：关注 Kering、Gucci 对相关品类与竞争格局的潜在影响。
· 消费者：Kering、Gucci、Boucheron、Pomellato、Qeelin、Lindberg、Maui Jim、Valentino 的受众行为与偏好变化值得追踪。
· 品牌：Kering、Gucci、Boucheron、Pomellato、Qeelin、Lindberg、Maui Jim、Valentino 的叙事、产品与增长动作可拆解复用。
· 渠道：内容分发与触点组合（社媒 / 电商 / 线下）的协同值得复盘。
· 涉及品牌：Kering、Gucci、Boucheron、Pomellato、Qeelin、Lindberg、Maui Jim、Valentino。
· 核心话题：Kering、Gucci、奢侈品、业绩复苏。
· 可思考：如何把「Kering」的洞察，转化为可衡量的内容与增长动作？
面试中可引用「Kering returns to growth as Gucci decline eases in H1」：围绕 Kering、Gucci、Boucheron、Pomellato、Qeelin、Lindberg、Maui Jim、Valentino，说明你对行业动向的判断与可落地动作。
本条目相关英文术语可在「商务英语」模块按话题检索，用于外企面试表达训练。
The Horsebit Ristretto medium shoulder bag. Image courtesy of Gucci French luxury conglomerate Kering is offering investors the first tangible evidence that its turnaround is taki…
The Horsebit Ristretto medium shoulder bag. Image courtesy of Gucci French luxury conglomerate Kering is offering investors the first tangible evidence that its turnaround is taki…
The Horsebit Ristretto medium shoulder bag. Image courtesy of Gucci French luxury conglomerate Kering is offering investors the first tangible evidence that its turnaround is taki…