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The One Percent.
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Monterey 2026 closed at a record USD 758.3 million, up 75% on last year. But sell-through was flat at 75%: the same proportion of cars sold, at much higher prices. A supply story wearing a demand headline.
Kering has grouped Boucheron, Pomellato, Dodo and Qeelin into one jewellery division while regrouping fashion reporting to shield smaller labels. One move consolidates what works, the other hides what does not.
Japanese department store sales of gems, precious metals and artwork rose 19% to a record JPY 330 billion. The surge is domestic, not tourist-driven, and the driver is a yen at its weakest since the 1980s.
Coty hands the Gucci Beauty licence back to Kering for approximately USD 400 million, a year early, and L’Oreal takes over from July 2027 under a fifty-year agreement. The substance is a group removing an entire operating layer from its business.
Most guides teach brand architecture with Apple and Procter and Gamble. Luxury is the live version: LVMH, Kering, Richemont, Prada and Hermes each answer the same structural question differently, and each pays a different price for it.
Richemont opened its 2027 financial year with sales of EUR 6.3 billion, up 20% at constant rates, and its jewellery houses delivered almost the entire increase. The same split is now visible at LVMH and Kering.
Beauty is the only luxury category whose product must be used up and bought again. That gives it consumer-goods economics inside a luxury identity, and managing that contradiction is the actual job.
In a bold move reinforcing its ambitions in luxury jewelry, Kering has announced the acquisition of a 20 percent stake in Italy’s . .
Gucci will present its Cruise 2027 collection in New York on May 16, marking a symbolic return to the city where the Italian house . .
The Kering Group reported another challenging quarter as sales at Gucci dropped by 14 percent in the third quarter of 2025 . .
