Kering SA Reports Significant Revenue Decline in Q1 2025

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

Regional Sales Performance Highlights

The conglomerate experienced a 16% yearly drop in retail sales, including e-commerce, with the Asia-Pacific region witnessing the most significant demand decrease at 25%. Western Europe and North America followed with a 13% decline. Notably, Kering Eyewear & Corporate and Bottega Veneta were the only brands to report growth, with increases of 3% and 4%, respectively.

Leadership's Strategic Response

"In this environment, we are fully focused on executing our action plans to achieve our strategic and financial objectives and strengthen our Houses' positioning across all markets. We are enhancing our vigilance to navigate the macroeconomic challenges our industry faces, and I am confident that we will emerge stronger," stated CEO Francois-Henri Pinault.