Gucci financial news

Here are some recent financial news and updates about Gucci:

Revenue Growth

In 2020, Gucci's parent company, Kering, reported a 14.4% increase in revenue to €14.5 billion (approximately $16.5 billion USD), driven in part by Gucci's strong performance. (Source: Kering's 2020 Annual Report)
Gucci's revenue growth has been driven by its successful brand revitalization efforts, including the appointment of Alessandro Michele as creative director in 2015. (Source: Bloomberg)

Profitability

In 2020, Gucci's operating profit increased by 15.1% to €2.4 billion (approximately $2.7 billion USD), driven by strong revenue growth and cost savings initiatives. (Source: Kering's 2020 Annual Report)
Gucci's operating margin expanded by 130 basis points to 16.6% in 2020, driven by the company's focus on cost control and efficiency improvements. (Source: Kering's 2020 Annual Report)

Digital Transformation

Gucci has been investing heavily in digital transformation, including the launch of its e-commerce platform and social media campaigns. (Source: WWD)
In 2020, Gucci's e-commerce sales grew by 50% year-over-year, driven by the company's efforts to expand its online presence. (Source: Kering's 2020 Annual Report)

Sustainability Efforts

Gucci has been focusing on sustainability efforts, including the use of eco-friendly materials and reducing waste in its supply chain. (Source: Gucci's Sustainability Report 2020)
In 2020, Gucci launched its "Gucci Equilibrium" program, which aims to reduce the company's environmental impact by 50% by 2025. (Source: Gucci's Sustainability Report 2020)

Recent Developments

In February 2022, Gucci announced that it would be launching a new line of affordable luxury products, called "Gucci Olimpico", aimed at a younger demographic. (Source: Vogue)
In January 2022, Gucci announced that it would be partnering with the fashion platform, Farfetch, to launch a new e-commerce platform and expand its online presence. (Source: Farfetch)

I hope this information is helpful!