Gucci sales plunge 25% in the second quarter as woes persist at luxury giant Kering

Chairman and CEO François-Henri Pinault acknowledged the results were disappointing, but noted ongoing efforts to course correct the struggling luxury giant. "Though the numbers we are reporting remain well below our potential, we are certain that our comprehensive efforts of the past two years have set healthy foundations for the next stages in Kering's development," Pinault said in a statement accompanying the results. A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC. Gucci-owner ...