Discussion: The State of Kering

[FashionPower]

Stefano Cantino has a nice calligraphy...at least, let's hope the Gucci Cruise show in Florence will Not as Vaccarello coded as the previous one...

 

[yslforever]

Guys what's up With Anthony Vaccarello disabling his Instagram account? Positive note: at least I Will not see his cringy boomer stories with his bough son covered by heart emoji on my stories feed...

It's not disabled to me: the last post is the French Harper's Bazaar cover for March.
You have simply been blocked

 

[carla56]

Stefano Cantino has a nice calligraphy...at least, let's hope the Gucci Cruise show in Florence will Not as Vaccarello coded as the previous one...
View attachment 1357313

Of course this is written by a calligrapher, not by him XD

 

[proseccotabis]

Stefano Cantino has a nice calligraphy...at least, let's hope the Gucci Cruise show in Florence will Not as Vaccarello coded as the previous one...
View attachment 1357313

I've had the great pleasure of meeting Cantino and lemme tell you his character does NOT reflect this writing lol
i bet big bucks that he DID NOT write this lmaooo please some gucci pr intern prolly wrote that

 

[fenty]

Guys what's up With Anthony Vaccarello disabling his Instagram account? Positive note: at least I Will not see his cringy boomer stories with his bough son covered by heart emoji on my stories feed...

I think you're blocked boo

 

[FashionPower]

It's not disabled to me: the last post is the French Harper's Bazaar cover for March.
You have simply been blocked

OMG you are right!
But I have not commented one of his posts since ages...I remember I heavily criticized one of his boomer posts showing his son Luca, but that was months ago...oh well, at least I did not get blocked by Sabato and I am still able to see his gay basic stories featuring Pina and Luce, his dogs 🤣

 

[style_expert]

In light of the most recent development, it's time to revive this thread once again.

Because seriously—what on earth is going on at Kering?
There was a time when I was genuinely rooting for them: Ghesquière at Balenciaga, Tomas Maier at Bottega, Pilati at YSL, McQueen at McQueen (no comment on Frida at Gucci, though in hindsight, at least she was consistent). It felt like the pinnacle of creativity and a real contender to LVMH.
But those days are long gone and it's one strategic mistake after the other.

Removing Demna from Balenciaga makes total sense to me — he’s been there since 2015 and, by now, has very little (if anything) exciting to bring in that context.
But moving him to Gucci? That’s where it gets puzzling.
Either literally every other big name refused the job, or this is Kering’s way of keeping Demna — probably their last remaining star designer — in the stable.

 

[Creative]

Doesn’t matter how you look at it, it doesn’t make sense anyhow. I’m baffled.

It’s a ship sinking and sinking… they are so desperate that they make sink even more.

I have no words to describe their management.

 

[yslforever]

So Kering stock is at -11% right now. Investors are as perplexed as us.

 

[Olaffo]

So Kering stock is at -11% right now. Investors are as perplexed as us.

Not only that (which is the best indicator of lukewarm response to seemingly „shocking appointment”) but also the analysts in London, NYC and Hong Kong are doubtful about that move in comments (BoF/WWD etc.)

Funny think is that Kering expected people to jump and praise such revolutionary decision but they forgot that people’s memory can stretch for a loooong time…I hope this tenure will be short and painful and won’t sell. Maybe that would be a final nail to the coffin and grand reset (this time on proper terms) will happen.

 

[Creative]

198€ today… it’s insane. What a disaster!

 

[Kimihiro]

There’s still the Q2 results before Demna’s Gucci show and whole year 2025 results before his stuff hits the store right?

I hope it’s really amazing and that Kering knows they just have to keep it together for the meantime.

 

[Lola701]

There’s still the Q2 results before Demna’s Gucci show and whole year 2025 results before his stuff hits the store right?

I hope it’s really amazing and that Kering knows they just have to keep it together for the meantime.

It’s going to continue to drop.
Unfortunately the consumers are super informed today. Why buy more Gucci when the products are going to be discontinued for the most part?
I think the fact that it’s Demna taking over makes it even more risky because people expect from him a total overhaul with Logo change and everything.

I think Gucci is going to drop, Bottega Veneta Will have either a very small growth or a very small drop (because they have been very silent since Matthieu Blazy left. What is the marketing team doing?).

Saint Laurent is an interesting case because they are changing their distribution strategy and that influences also their numbers. The thing is that they are waiting for the strategy to pay off but haven’t dropped the product that is only available in stores that people would buy in numbers

 

[style_expert]

So they are officially at their lowest point in five years now? The general market instability, along with negative sentiment and uncertainty, isn't helping, and they are far from resilient in the face of what's still to come.

Remember the option they have to buy the remaining 70% of Valentino before 2028?
Valentino isn't exactly a brand that would come to their financial rescue either.
At this point, Mayhoola may take Kering over instead It's certainly getting cheaper and cheaper.

 

[kingtheyskens]

lowest point in almost nine years actually. the last time it dipped below 200 euros was late 2016. so pretty bad.

 

[Creative]

They only had one job. It was all about naming a candidate that made kinda sense.
It could’ve been:

- Hedi
- Vacarello (even if I don’t like him)
- MGC (even if I don’t like her)
- Tisci

Yet they took the most unexpected, most ridiculous, most burnt name of the industry.

 

[Kimihiro]

It’s going to continue to drop.
Unfortunately the consumers are super informed today. Why buy more Gucci when the products are going to be discontinued for the most part?

When I watched Sabato’s debut and when Mina played as the models walked all I could think about is that it will be glorious at the outlet or staff sales.

You brought up a good point too, it’s hard to ‘invest’ in something that might be too disposable or unyielding.

Also, current Saint Laurent even if pretty I don’t know if it will do good at the shop floors. There’s also disconnect with that and the leather goods which feel like they’re not taken care of. Purely merchandising exercises, they look outlet-ready. If only someone can snatch Saint Laurent and grow it to where it belongs.

 

[Lola701]

When I watched Sabato’s debut and when Mina played as the models walked all I could think about is that it will be glorious at the outlet or staff sales.

You brought up a good point too, it’s hard to ‘invest’ in something that might be too disposable or unyielding.

Also, current Saint Laurent even if pretty I don’t know if it will do good at the shop floors. There’s also disconnect with that and the leather goods which feel like they’re not taken care of. Purely merchandising exercises, they look outlet-ready. If only someone can snatch Saint Laurent and grow it to where it belongs.

Gucci has been outlet ready for a longtime now. It started with the Gucci/Adidas collab. I think it was a rather ambitious collab but most of it ended up in outlets. And really since then it continued. And the thing is that they didn’t have that boost of the farewell collection of Alessandro because people were already tired of his stuff.

I really liked the B Bag in it menswear version and was contemplating buying it. I know this bag won’t be in the catalogue next year. I may just wait for it to end up in the outlet to get it…

I also think that Saint Laurent issue is the leather goods department. Indeed, it feels like merch totally detached from the vision of Anthony. You could never imagine none of the women on the runway carrying the bags in the shops.
And for his womenswear to be so infused with the work of Yves, the accessories looks too much like Chanel.
There are enough bags in the archives for them to have the kind of line up they have.

 

[tourbillions]

they really thought they did something with that appointment.

 

[yslforever]

they really thought they did something with that appointment.

they aren't sober.