Gucci Presents Path to $16 Billion Sales as Kering Seeks Reboot
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The window display of a Gucci luxury clothing store in Paris.
Photographer: Benjamin Girette/BloombergKering SA laid out ambitious targets for its biggest brand Gucci as the luxury conglomerate seeks to reboot the fashion house whose popularity among consumers has suffered since the pandemic struck.
Kering targets 15 billion euros ($16.08 billion) of revenue in the medium term for the Italian brand, with a gross margin of 41%. That compares to sales of 9.73 billion euros last year and a margin of 38.2%.