Group 1 - The core viewpoint of the article highlights that Kering Group experienced a significant decline in sales during the second quarter, with Gucci's sales plummeting by 25% [2][3][4] - Kering Group's financial results for the first half of 2025 show a revenue of approximately €7.587 billion, a decrease of 16% compared to the same period in 2024 [4][5] - The recurring operating income for Kering Group fell by 39% to €1.582 billion, while net income dropped by 46% to €474 million [4][5] Group 2 - Gucci's revenue for the first half of 2025 was about €3.027 billion, reflecting a year-on-year decline of over 25%, with a notable 30% drop in the Asia-Pacific region [6][7] - Kering Group is currently attempting to sell properties in major cities like New York, Milan, and Paris to raise additional funds, with expectations of more store closures in 2026 and 2027 [8][9] - The stock price of Kering Group has decreased by over 21% in the past year, with a year-to-date decline of 4.4% [9]

Core Viewpoint - Kering Group's sales have significantly declined in Q2, with Gucci's sales plummeting by 25%, prompting the company to sell properties to raise additional funds and anticipate more store closures in 2026 and 2027 [1][2][4]. Financial Performance - In H1 2025, Kering Group reported revenue of approximately €7.6 billion, a year-on-year decrease of 16% [4]. - The recurring operating profit was about €969 million, down 39% year-on-year [4]. - Net profit fell to €474 million, a decline of 46% compared to the previous year [4]. - Gucci's revenue for H1 was approximately €3.03 billion, down over 25% year-on-year, with Q2 revenue around €1.46 billion, also reflecting a decline of over 25% [4]. Regional Performance - Gucci's sales declined across all regions, with the Asia-Pacific region experiencing a significant drop of 30% year-on-year in H1 [4]. Strategic Actions - The company is actively seeking to sell properties in major cities such as New York, Milan, and Paris to generate additional funds [6]. - Kering Group anticipates more store closures in 2026 and 2027 as part of its long-term strategy for profitable growth [6]. Stock Performance - Kering Group's stock has decreased by over 21% in the past year, with a year-to-date decline of 4.4% [6]. - Deutsche Bank has lowered Kering Group's target price from €170 to €168 [7]. - As of the latest report, Kering Group's stock was priced at €222 per share, with a daily increase of 4.5% [8].