Kering SA Reports Significant Revenue Decline in Q1 2025

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

Retail Sales and Regional Performance

The conglomerate experienced a 16% yearly drop in retail sales, encompassing both physical stores and e-commerce platforms. The Asia-Pacific region was hit the hardest, with a staggering 25% decrease in demand. Western Europe and North America also saw declines, albeit less severe, at 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 Response to the Challenges

Francois-Henri Pinault, Kering's CEO, remains optimistic about the company's resilience and strategic direction. "In this environment, we are fully focused on executing our action plans to achieve our strategic and financial objectives," Pinault stated. He emphasized the company's commitment to navigating macroeconomic headwinds and strengthening its market position.