Find in the news:

Gucci owner announces a drop in sales

Sales for the three months under review fell 9% to €4.46 billion.
Kering, one of the largest luxury brand owners in the global market, has reported its financial results for the third quarter of 2023. The fashion giant's revenue fell by 13% for all brands in the portfolio. Sales for the three months under review fell 9% to €4.46 billion.


Analysts had expected a weak financial report from Kering. However, after the figures were published, many downgraded their forecasts for the group for 2023. Sales of Gucci, the flagship brand in Kering's portfolio, fell 12% over the year to €2.22 billion. At exchange rates, sales declined 7%. Yves Saint Laurent sales were down 16% and Bottega Veneta sales were down 13%.

Revenue at Kering, the division that brings together other brands (including Balenciaga and Alexander McQueen), fell 19% in the third quarter. Only the sunglasses segment saw an increase in sales, up 34% to €331 million thanks to the contribution of Maui Jim.

François-Henri Pinault, chairman and chief executive officer of Kering, said, "Beyond the challenging macroeconomic conditions and softening demand across the luxury industry, the change in our revenue performance in the third quarter reflects the impact of our decisions to further elevate our brands and their distribution."

Pinault added that the organization that Kering put in place in July "will enable us to strengthen the steering of our Houses in the current market environment and to reclaim our positions and influence."

More about shopping malls in the USA

TODAY, France:
Mango’s growth strategy also encompasses 15 new boutiques in Italy this year.
YESTERDAY, United Kingdom:
Miniso remains poised to expand its presence and consolidate its brand in the European retail landscape.
Lanvin has introduced its latest venture at South Coast Plaza.
Jun 14, 2024, USA:
Global superstar Rihanna unveiled her latest venture, Fenty Hair.
Jun 13, 2024:
The next European implementation will take place in Hamburg.
Jun 11, 2024, Mexico:
Luxury fashion house Balenciaga made its debut on Friday in Cancún.
and Follow
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us