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Kering-owned (KER) Italian luxury house with $7-9B revenue competing with LVMH and Hermes; Gucci Ancora creative direction under Sabato De Sarno addressing 2024 revenue decline from Chinese luxury slowdown.
Gucci is a Florence, Italy-based luxury fashion house — among the world's most recognized luxury brands — designing and retailing leather goods, handbags, shoes, clothing, watches, jewelry, fragrances, and eyewear under its interlocking double-G logo identity globally. Owned by Kering Group (Euronext Paris: KER, which also owns Saint Laurent, Bottega Veneta, and Balenciaga), Gucci generates approximately €7-9 billion in annual revenue as Kering's largest brand, operating 500+ directly operated stores across 60+ countries. In 2023, Kering appointed Sabato De Sarno as creative director (replacing Alessandro Michele), launching the "Gucci Ancora" collection that returned the brand toward refined Italian elegance from Michele's ornate maximalist decade.
World's most valuable luxury brand with €20-22B revenue; LVMH flagship combining iconic monogram leather goods with culturally forward fashion by Pharrell Williams.
Louis Vuitton is the world's most valuable luxury fashion brand, known for its iconic monogram canvas luggage, leather goods, ready-to-wear fashion, footwear, and accessories. Founded in Paris in 1854 by trunk-maker Louis Vuitton, the maison pioneered flat-topped luggage with waterproof canvas that could be stacked in steam ship holds — a technical innovation that became a status symbol. Louis Vuitton is the flagship brand of LVMH (Moët Hennessy Louis Vuitton), the world's largest luxury group.
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