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Kering revenue decline: The French luxury group reports a 9.8% decline in the third quarter of 2025.
Kering faces a revenue decline that redefines its global strategy.
Kering's revenue decline marks a critical point for the French luxury group in the third quarter of 2025. The conglomerate, owner of iconic brands such as Gucci and Yves Saint Laurent, reported a 9.8% year-over-year drop in revenue €3.415 billion . This result reflects the challenges facing the luxury sector and Kering to redefine its strategy in an uncertain global economic context.
The report also shows that during the first nine months of the year, Kering accumulated €11.002 billion , representing a 14.1% compared to 2024. This trend confirms that Kering's revenue decline is not an isolated phenomenon, but part of a broader slowdown in luxury goods consumption.
Financial breakdown by brand: Gucci and Yves Saint Laurent lead the decline in revenue
Kering's revenue decline is primarily due to the negative performance of its flagship brands. Gucci , considered the group's jewel, saw sales 18.2% €1.343 billion Yves Saint Laurent , meanwhile, saw a 7.5% , with revenues of €620 million .
In contrast, Bottega Veneta showed slight resilience, down 1% to €393 million . Other brands under the Kering generated €652 million , down 5% eyewear and concepts division alone posted a 1.8% to €448 million , partially offsetting the overall revenue decline .
Kering revenue decline: retail and wholesale performance
Kering 's retail stores 6% decline , while wholesale sales fell 2% . Despite this, the company highlights an improvement compared to the second quarter , a sign that the recovery strategy is beginning to show initial results. Kering's revenue decline also reflects a shift in consumer behavior, which now prioritizes sustainability, exclusivity, and more personalized experiences.
Luca de Meo reaffirms transformation after revenue decline
Kering CEO Luca de Meo acknowledged the magnitude of the revenue decline , but reaffirmed his commitment to a profound transformation of the group. “We are at a crucial point in our history, and it is essential to restore the relevance of our brands,” he declared.
De Meo emphasized that Kering’s revenue decline should be seen as an opportunity to drive innovation, strengthen the identity of each fashion house, and regain market confidence.
Environmental Analysis: Luxury in the Face of a Changing Consumer
international economic climate has had a severe impact on luxury giants, and Kering is no exception. The decline in revenue comes amid persistent inflation, changing purchasing habits, and increasing competition. As consumers turn to more sustainable emerging brands, Kering will be to reposition itself with authenticity and purpose.
Conclusion: Kering revenue decline as a turning point
Kering's revenue decline in 2025 marks a crossroads for the French group. While the financial results reflect a challenging outlook, they also open the door to a strategic transformation that could strengthen its future position. With committed leadership and a renewed focus on sustainability and innovation, Kering seeks to reverse its downward trend and regain its leading role in the luxury market.
