The wholesale revenue of the group was 33 percent below on a comparable basis.
Kairing has reported a 14 percent decline in Revenue of Q1 2025, reaching € 3.9 billion (~ $ 4.25 billion). Gucci saw a significant revenue of 24 percent, while the revenue of Botga Venetta increased by 4 percent. The group shut down 25 stores, reducing its straight -operated network to 1,788 units. Wholesale revenue declined by 33 percent, and the total sales from other houses fell by 11 percent.
Sales from straight -operated retail network fell 16 percent on a comparable basis. The trend in Asia-Pacific with the fourth quarter of 2024 was 25 percent lower, while Western Europe saw a fall of 13 percent, North America’s fall of 13 percent and Japan saw a sequential recession with a decline of 11 percent.
In the first quarter, the group closed 25 stores on a pure base, bringing its straight -operated network to a total of 1,788 units, Caring said in a press release.
The group’s wholesale and other revenue was 9 percent below. Wholesale revenue dropped 23 percent on a comparable basis, due to the strengthening of their distribution being strong.
Brand-wise, Gucci’s revenue from straight-operated retail network was 25 percent less in a comparable base against the background of low store traffic. Gucci further strengthened and updated its product range, and its new handbag lines are well received, including a promising launch for the new softbit line.
Botega Venetta’s revenue was € 405 million in Q1 2025, which was 4 percent and comparable basis as per report. Sales in the straight -operated retail network of the house rose 7 percent on a comparable basis, on top of a high comparative base. Sales were in all product categories. Botega Venetta’s outstanding performance, supported by the brand’s cultural resonance and desirable, was inspired by an increase in sales of dual -digits in Western Europe, North America and Middle East. Wholesale revenue was 13 percent below on a comparable basis.
Revenue from other houses of the group Q1 was a total of € 733 million in 2025, which according to the report and 11 percent on a comparable basis.
A major incident in the quarter was the appointment of Demona as the artistic director of Gucci.
“As we estimated, Kairing faced a difficult start for the year. In this environment, we are fully focusing on performing our strategic and financial objectives on our action plans and strengthening the status of our homes on all our markets. Francois-Henry Pinalt, Chairman and Chief Executive Officer (CEO (CEO, In kerning.
Fibre2fashion news desk (sg)
