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Kering Faces Sales Drop but Anticipates 2026 Growth

2/10/2026

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Story summary
  • Kering reported a 10% decline in 2025 sales to €14.6 billion and a €29 million net loss.
  • Kering shares rose nearly 35% over six months.
  • Luca de Meo, Kering CEO, said in his first quarter that 2026 growth is likely.
  • Gucci posted a 10% sales drop in late 2025.
  • Kering reduced its store network by 75 boutiques.