PARIS – Luxury fashion group Kering, owner of Gucci, Yves Saint Laurent and Alexander McQueen, has warned its second-half operating income could fall by 30% compared to last year, compounding its woes after already falling sharply in the first half of 2024.
Reporting its second quarter results, Kering also detailed sustainability efforts, including its recent triple A rating from the CDP for corporate transparency and climate performance, and its position as one of the first five companies to have its corporate nature strategy deemed robust by the ‘Business for Nature’ coalition.
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