Kering Launches Turnaround Plan to Revive Gucci and Improve Profitability
Kering has unveiled a multi-year turnaround plan, ReconKering, aimed at restoring growth and profitability after a significant decline in performance. The plan includes ambitious targets such as increasing operating margins above 22% and reducing inventory by €1 billion by 2026. The success of the plan hinges on Gucci's ability to regain momentum, as it remains a critical driver of Kering's profits.
Topics: brand revival Gucci Kering luxury fashion operational efficiency turnaround strategy