This photograph shows the logo of French luxury group Kering in Paris on February 17, 2015. French luxury group Kering reported on February 10, 2026 that its net profit sank in 2025, weighed down by its flagship brand Gucci. ERIC PIERMONT / AFP
French luxury group Kering reported Tuesday, February 10, that its net profit sank in 2025, weighed down by its flagship brand Gucci.
"The Group's 2025 performance does not reflect its true potential," said Kering CEO Luca de Meo in a statement, adding that the company will present a restructuring plan in April. Sales dropped by 13% while net profit plunged by 93.6%, it said.
Kering announced in June that it had poached de Meo, then the head of French automaker Renault, to become chief executive and help turn around the company alongside François-Henri Pinault, who will remain board chairman.
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