Kering’s Full-Year 2025 Net Profit Plummets 93.6%, Revenue Declines Across All Regions

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Editor’s Note

Kering’s 2025 results reveal a stark downturn, with revenue down 13% and net profit collapsing by 94%. This sharp decline underscores the significant challenges facing the luxury group and its key brands.

Financial Performance Overview

Kering, the parent company of brands including Gucci, announced its full-year 2025 results (January-December 2025). Revenue was €14.675 billion (approximately ¥2.6561 trillion), a 13% decrease year-on-year. Operating profit fell 52% to €1.047 billion (approximately ¥189.507 billion), and net profit plummeted 93.6% to €72 million (approximately ¥13.032 billion), indicating a significant decline in both revenue and profit.

Performance by Brand and Region

By brand, sales at Demna-led Gucci fell sharply by 22%, while Saint Laurent also struggled with an 8% decline. Geographically, sales in Japan saw the largest drop at 19%. The Asia-Pacific region (excluding Japan) declined by 15%, Western Europe and North America by 10%, and other regions by 4%, resulting in revenue declines across all markets.

CEO’s Statement
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“The 2025 results do not reflect the group’s true potential. In the second half of the year, we took decisive actions to strengthen our balance sheet, reduce costs, and make strategic choices that lay the groundwork for the next chapter. We are fully committed to improving brand positioning and sales, rebuilding margins, and strengthening cash flow to ensure sustainable long-term value creation,” commented Kering CEO Luca de Meo.
Focus on Alexander McQueen

During the earnings briefing, the company addressed rumors regarding the potential sale of Alexander McQueen.

“McQueen’s losses are quite significant. To return to stable performance, a reorganization of the cost structure and investments is necessary,” said CEO de Meo, outlining the turnaround plan. The brand has already closed 21 stores in 2025. “While there were previously over 130 stores, that was too many for the potential McQueen currently holds. By closing stores, we are redefining the brand and reducing losses,” he stated, indicating the future direction.
Kering Full-Year 2025 (Jan-Dec 2025) Summary
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Revenue: €14.675 billion (down 13% YoY)
Operating Profit: €1.047 billion (down 52% YoY)
Net Profit: €72 million (down 93.6% YoY)
*Year-on-year comparisons exclude the impact of currency fluctuations.
*Exchange rate: 1 Euro = 181 Yen.

LVMHモエ ヘネシー・ルイ ヴィトンのパリ本社
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⏰ Published on: February 12, 2026