Revenues for the luxury group now headed by Luca de Meo, and its flagship brand Gucci, fell again in the third quarter of 2025, but less sharply than in the first two quarters. Kering continues to work hard to get out of the rut.
It’s better, but still not enough…
Although its third quarter results, announced on October 22, show an improvement, Kering is not out of the woods yet.
Led since September by Luca de Meo, the luxury group, which has just announced a strategic partnership with L’Oréal with the possible sale of its Kering Beauté division in the long term, announced on Wednesday a 10% decline in reported revenue (-5% on a comparable basis) to €3.4 billion in the third quarter.
Slightly better than consensus expectations
The trend is certainly slightly better than expected by the consensus of Bloomberg analysts, who had predicted sales of €3.3 billion. And the decline in the third quarter is less than in the previous half (-15% on a comparable basis and -16% on a reported basis).
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Read also > Kering expected to sell its Beauty division to L’Oréal
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