He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its "promise" to customers.

Gucci sent a collection of furry coats, slim pencil skirts and slip dresses down the catwalk for its fall-winter show, a lineup of styles for women and men drawn up by its design studio as the Kering-owned Italian label awaits its next designer.

The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.

The women's collection riffed on ladylike dressing tinged with subversion. Meanwhile, the Achilles tendon emerged as a new erogenous zone for men.

MILAN — The pressure to find the right successor for Sabato De Sarno mounts, as analysts believe Gucci’s future relies heavily on choosing the new creative director. Two days after Kering reported a 24 percent decrease in Gucci’s organic revenues in ...

Gucci showcased a new collection featuring furry coats, elegant dresses, and stylish suits during its fall-winter show amidst a period of transformation. As the Italian luxury brand awaits a new designer,

Kering’s fourth-quarter results revealed a significant hit to profits, largely driven by sluggish sales at Gucci, its flagship brand.