French luxury group Kering, owner of Gucci and Yves Saint Laurent, reported an 18% revenue decrease in Q2 of 2025 to €3.7bn, with a 15% comparable basis drop, including a 3% currency impact. Directly operated retail sales fell 16% with varying performances across regions.

North America had a 10% sales decline, Asia-Pacific saw a 19% decrease, Western Europe sales dropped 17%, and Japan faced a 29% decline due to tourism decreases. Kering posted a net income of €474m in H1 of 2025. Gucci and Yves Saint Laurent experienced sales declines in Q2.

Bottega Veneta saw a 1% revenue increase, while Kering’s Other Houses reported a 16% revenue drop. Overall, Kering’s H1 2025 revenues fell 16% to €7.6bn. The company’s chairman and CEO, François-Henri Pinault, emphasized strategic decisions and efforts to strengthen financial structure.

In response to a challenging market environment, Kering is focusing on sustainable profitability and growth, intensifying efforts to support brand expansion and operational efficiency. The company remains committed to navigating the unpredictable economic and geopolitical landscape.

Read more at Yahoo Finance: Gucci owner Kering’s Q2 2025 revenue plummets 18%