Gucci Sales Fall 24%

Gucci's revenue dropped a staggering 24% in Q4 of 2024 and 23% overall, according to Kering's annual findings report released earlier this morning. Among other Kering brands, Saint Laurent reported an 8% decrease in revenue in Q4 of 2024 and a total revenue decrease of 12% across all houses. Bottega Veneta did, however, report a 12% increase in sales, largely due in part to their continued leather goods success marked by the popular Jodie and Andiamo intrecciato bags. These company-wide losses, ...