Kering – Press release – Segment reporting – EN – 16 03 2026
|
PRESS RELEASE |
|
March 16, 2026 |
KERING ADAPTS THE PRESENTATION OF ITS BUSINESSES,
TO ALIGN WITH ITS STRATEGIC MODEL AND ORGANIZATION
As part of the evolution of its strategy and organization, which will be presented in detail on April 16, 2026, during its Capital Markets Day, Kering announces a new segmentation of its businesses. This new presentation enhances the clarity of Kering strategic model, highlights the momentum of each of its businesses, and more accurately reflects the Group’s organizational structure.
Starting from the first quarter of 2026, Kering will report on its performance indicators according to the following operating segments:
-
Fashion & Leather Goods, including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen and Brioni
-
Kering Jewelry, including Boucheron, Pomellato, Dodo and Qeelin
-
Kering Eyewear
-
Corporate & Other, including Group services and Ginori 1735
Within the Fashion & Leather Goods business, Kering will continue to report Gucci’s performance indicators separately, given its significant weight within the Group.
For each of its businesses, Kering will disclose the revenue breakdown and the performance by distribution channel. In addition, Kering will report, by region, the total revenue breakdown and the retail performance of the Fashion and Leather Goods segment (of which Gucci), and the Kering Jewelry segment.
Below are the restated 2025 financial figures according to the new segmentation. All financial information contained in the tables below is presented excluding Kering Beauté.
Restated 2025 quarterly revenue according to the new operating segments
|
(in millions of euros) |
|
Q1’25 |
Q2’25 |
Q3’25 |
Q4’25 |
2025 |
|
Fashion & Leather Goods |
|
3,129 |
2,986 |
2,774 |
3,320 |
12,209 |
|
of which Gucci |
|
1,571 |
1,456 |
1,343 |
1,622 |
5,992 |
|
Kering Jewelry |
|
236 |
219 |
214 |
266 |
935 |
|
Kering Eyewear |
|
476 |
445 |
352 |
319 |
1,592 |
|
Corporate & Other |
|
33 |
38 |
28 |
37 |
136 |
|
Eliminations |
|
(61) |
(62) |
(37) |
(37) |
(197) |
|
KERING |
|
3,813 |
3,626 |
3,331 |
3,905 |
14,675 |
2025 restated revenue change according to the new operating segments
|
|
|
Restated reported change |
|
Restated comparable change (1) |
|||||||||
|
(in percentage) |
|
Q1’25 |
Q2’25 |
Q3’25 |
Q4’25 |
2025 |
|
Q1’25 |
Q2’25 |
Q3’25 |
Q4’25 |
2025 |
|
|
Fashion & Leather Goods |
|
-17% |
-21% |
-13% |
-11% |
-15% |
|
-18% |
-19% |
-8% |
-5% |
-13% |
|
|
of which Gucci |
|
-24% |
-27% |
-18% |
-16% |
-22% |
|
-25% |
-25% |
-14% |
-10% |
-19% |
|
|
Kering Jewelry |
|
+3% |
-5% |
+10% |
+10% |
+4% |
|
+3% |
-4% |
+15% |
+17% |
+8% |
|
|
Kering Eyewear |
|
+3% |
-1% |
+2% |
-2% |
+1% |
|
+2% |
+1% |
+7% |
+3% |
+3% |
|
|
Corporate & Other |
|
-7% |
-12% |
-21% |
-27% |
-18% |
|
+10% |
+18% |
+16% |
-8% |
+8% |
|
|
Eliminations |
|
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
|
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
|
|
KERING |
|
-14% |
-18% |
-10% |
-9% |
-13% |
|
-15% |
-16% |
-6% |
-3% |
-10% |
|
(1) Change on a comparable scope and exchange rate basis
