Kering SA Reports a Significant Revenue Decline in Early 2025

In a recent announcement, Kering SA revealed a 14% annual decrease in its first-quarter revenue for the fiscal year 2025, totaling €3.88 billion. This downturn reflects broader challenges within the luxury sector.

Retail Sales and Regional Performance

The conglomerate experienced a 16% yearly drop in retail sales, encompassing e-commerce. The Asia-Pacific region was hit hardest with a 25% decline in demand, followed by Western Europe and North America, which saw decreases of 13%.

Bright Spots Amidst the Downturn

Despite the overall slump, Kering Eyewear & Corporate and Bottega Veneta emerged as exceptions, with their businesses growing by 3% and 4%, respectively.

Leadership's Perspective

"In these challenging times, our focus remains steadfast on executing our strategic plans to meet our financial goals and enhance our brands' market positions. We're navigating the macroeconomic challenges with increased vigilance, confident in our ability to emerge stronger," stated CEO Francois-Henri Pinault.