Kering’s Secret to Staying Ahead in Luxury—Inside Its Bold Brand Revitalization Plan!

Kering’s first half of 2025 results reflected both challenges and strategic shifts as the luxury goods conglomerate navigates a complex global economic environment. The company’s financial performance showcased significant efforts in cost management and strategic store network optimization, albeit against a backdrop of declining revenues. Kering reported a revenue of EUR 7.6 billion for the first half, a 16% decrease on a reported basis and 15% on a comparable basis, reflecting ongoing challenges, particularly in Asian markets and wholesale channels. The negative impact of foreign exchange, particularly in the second quarter, further constrained financial performance, though the company’s proactive efforts in managing costs were evident with a recurring operating income of EUR 969 million and a margin of 12.8%. While this was a decline from the previous period, margins were slightly better than anticipated, underscoring disciplined cost controls and strategic focus on optimizing operational efficiencies.