Kering looks to double profits as it reveals ambitious turnaround plan to revive Gucci
Corroborated by 4 sources from 4 publishers
TL;DR
Reports differ across sources; according to cnbc.com, kering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury slump that hit it harder than its competitors.
Sources
1
Dow Jones U.S. Business
https://www.wsj.com/business/retail/gucci-owner-kering-plans-to-complete-structural-reset-this-year-in-bid-to-revive-fortunes-cdda3940?mod=pls_whats_news_us_business_f
2
CNBC 10000116
https://www.cnbc.com/2026/04/16/kering-stock-ker-gucci-cmd-turnaround-profit-strategy.html
3
Yahoo Finance News
https://finance.yahoo.com/markets/stocks/articles/kering-purchase-minority-stake-chinese-140413359.html
4
Financial Times Companies
https://www.ft.com/content/2926c0cb-deb8-43b2-b8dd-3600dd9a8816