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Flanked by newly appointed Kering Italia president Sabina Belli, de Meo touched on different topics — from supporting youth to his stand on AI — but not the rumors swirling around Saint Laurent’s and Balenciaga’s creative directors.
Top North American executives from the two global luxury firms participated in a recent panel discussion hosted by Boston Consulting Group.
Coty’s latest earnings jolt investors Coty (COTY) has moved back into focus after reporting a fourth quarter fiscal 2026 adjusted loss wider than expected, along with a modest 1% net revenue increase and a 42% drop in adjusted operating income. The update also detailed an early transition of the Gucci Beauty license to Kering, with Coty receiving upfront payments while keeping the business until mid 2027, and highlighted fiscal 2027 as a transitional year. Coty’s recent report has hit a stock...
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