Economics ❯ Market Trends ❯ Consumer Behavior ❯ Luxury Market

Sales Performance

Kering to Sell Beauty Unit to L’Oréal for €4 Billion in Deal With 50-Year Brand Licenses

The move signals a swift pivot under new CEO Luca de Meo to cut debt, refocusing on fashion.

Kering Reports 46% Profit Slump as Gucci Sales Plunge 25% in Q2

LVMH Revenue and Profit Plunge on Weakening Luxury Demand