Must Read: Kering Shares Drop After Disappointing Q1 Results, Hermès Shares Decline 14% Amid War in the Middle East
Kering shares drop after Gucci revenue continues to disappoint
On Tuesday, Kering released its 2026 Q1 revenue report, sharing that revenues at Gucci sank 14.3% from 2025 while Kering’s total revenue dropped by 6.2%. In a press release, CEO Luca de Meo said, “Gucci remains our top priority. A comprehensive turnaround is underway, with decisive actions across client, distribution and, above all, the offer. We have reset the product architecture and strengthened category focus, with new collections rolling out progressively in stores throughout the year.” Following the report’s release, Kering’s shares decreased by 10.2%. {Kering}
Hermès shares decline 14% amid war in the Middle East
In its Q1 revenue report, Hermès shared that its sales in the Middle East declined by 5.9% from 2025, claiming the war in the Middle East continues to impact its business. The region makes up about 4% of the company’s overall sales. In response to the news, Hermès shares fell by 14%. {Hermès}
Tory Burch is looking to buy back General Atlantic’s stake
Tory Burch LLC is seeking to repurchase private equity firm General Atlantic’s stake in the company. The luxury fashion brand has reportedly taken out a $700 million loan, with $346 million set to be spent on the firm’s interest and $300 million on a five-year refinancing plan. General Atlantic became an investor in Tory Burch in 2012 as part of a deal within a legal settlement between the designer and her ex-husband. {Bloomberg}
The RealReal launches ‘Real Talk’ podcast
The RealReal announced the launch of its new podcast, “Real Talk,” hosted by Chief Brand Officer Kristen Naiman. The series debuted an interview with Jennifer Venditti, the Hollywood casting director behind “Marty Supreme.” New episodes will be released weekly on all major podcast platforms, including Spotify and Apple, on Wednesdays. {Fashionista inbox}
Vince reports strong Q4 and year results
On Wednesday, Vince shared its Q4 and 2025 fiscal year results, reporting a 4.7% increase in net sales to $83.7 million year-over-year. “Our team executed across all areas of the business, delivering nearly 5% sales growth with profitability exceeding the high end of our guidance ranges,” said Brendan Hoffman, Chief Executive Officer of Vince, in a press release. “The strength we saw in our direct-to-consumer business, with approximately 10% growth, demonstrates the power of our strategic initiatives as well as the quality of our product offering which continues to resonate with customers.” {Vince}
