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Kering’s Strategic Retreat in Luxury Retail | Raleigh News
Kering is slashing its retail footprint with bold moves—closing over 200 stores in 18 months to focus on high-performing locations, signaling a strategic reset after profit declines and shifting luxury trends. Despite tough times for Gucci and other brands, momentum is building, especially in Q2, as Kering diversifies by selling its beauty arm to L’Oréal and acquiring a jewelry firm, while locking in a landmark 50-year beauty licensing deal to expand global reach and reignite growth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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