Gucci Owner Kering Targets Doubling of Operating Margin
Kering plans to double its operating margin from 11.1% over the medium term. The group aims to restore its business fundamentals by 2028 to revive Gucci.
Xurve View
Xurve View
The luxury conglomerate Kering has announced a strategic commitment to double its recurring operating profit margin from the 11.1% recorded last year. This medium-term goal is part of a comprehensive new plan designed to revive growth and brand desirability for the France-based group after several years of sluggish performance. CEO Luca de Meo is set to present the details of the roadmap, which aims to fully restore the company's financial fundamentals by the end of 2028.
