Kering Announces Turnaround Plan to Revive Gucci and Double Profits
Kering's CEO Luca de Meo unveiled a turnaround strategy aimed at doubling the company's 2025 recurring operating margin and boosting return on capital employed to over 20% in the midterm. The plan includes restructuring Gucci's store network and reducing inventory by €1 billion over the next year, following a year-long slump in the luxury sector.
Topics: corporate strategy Gucci Kering luxury industry operating margin profitability restructuring