In the global market, Kering S.A, the Paris-listed luxury conglomerate that owns brands such as Gucci, reported flat revenue of €3.57 billion in the first quarter of FY26, with Gucci’s sales falling 8% year-on-year to €1.35 billion. The Lanvin Group's flagship brand, Lanvin, saw revenue decline 30% to €57.6 million in 2025.