Kering’s 2024 revenue has fallen 12 per cent YoY to €17.2 billion (~$17.7 billion), with retail sales down 13 per cent.
The net income dropped to €1.2 billion (~$1.3 billion) from €3.1 billion.
Gucci’s revenue declined 23 per cent, while Bottega Veneta grew 6 per cent.
Q4 revenue also fell 12 per cent.
CEO Pinault highlighted strategic moves to stabilise operations and enhance brand desirability.