The French luxury group has struggled to turn things around at Gucci, its flagship brand that has recently been weighing down profit.
PARIS: French luxury group Kering reported Tuesday that its net profit sank in 2025, weighed down by its flagship brand Gucci.
“The Group’s 2025 performance does not reflect its true potential,” said Kering CEO Luca de Meo in a statement, adding that the company will present a restructuring plan in April.
Sales dropped by 13% while net profit plunged by 93.6%, it said.
Federal Court rules Ong Hock Te failed to cross the threshold to secure leave to appeal a Court of Appeal ruling.
Airport authorities and police seized six pieces of rhinoceros horn and around 12kg of unidentified meat used to conceal them inside a polystyrene icebox.