Try GOLD - Free
FASHION By the VARIETY Numbers
The Freeman
|September 30, 2025
French luxury group Kering reported a 46% plunge in net profit during the first half of the year, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing.
-
Group net profit fell to $547 million in the first half on sales that were down 16 percent. Kering announced in June that it had poached Luca de Meo, then the head of French automaker Renault, to become chief executive and help turn around the company alongside Francois-Henri Pinault, who will remain board chairman.
Pinault's family controls the holding company that is the largest shareholder in Kering, whose crosstown rival LVMH reported a 22 percent drop in first-half profit.
This story is from the September 30, 2025 edition of The Freeman.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Freeman
The Freeman
Fiesta Señor opens
At 4 a.m., from Fuente Osmeña Circle to the Basilica Minore del Santo Niño, thousands of devotees walked in solemn reflection, their voices rising together in the hymn \"Bato Balani sa Gugma,\" a song of supplication and love that has long defined Cebuano devotion to the Holy Child.
3 mins
January 09, 2026
The Freeman
Cebuano lawyer urges Marcos to consider rejoining ICC
A Cebuano lawyer has appealed to President Ferdinand R. Marcos Jr. to reconsider the Philippines' withdrawal from the International Criminal Court (ICC), arguing that leaving the tribunal neither shielded officials from accountability nor served the country's long-term legal and moral interests.
3 mins
January 09, 2026
The Freeman
Phl seeks to finalize broadcasting treaty at WIPO
The Philippines renewed its push at the World Intellectual Property Organization to convene a diplomatic conference to finalize the long-delayed Broadcasting Organizations Treaty, warning that further inaction risks leaving broadcasters exposed to cross-border signal piracy.
2 mins
January 09, 2026
The Freeman
Maymay turns pain into power
Maymay Entrata channels her journey from pain to empowerment in her new song titled “Masunog Man.”
1 min
January 09, 2026
The Freeman
All set for Cebu Marathon 2026 this weekend
A total of 11,529 runners from 47 countries across six continents will be seeing action in the highly anticipated Cebu Marathon 2026 on Sunday, January 11, starting and ending at the SM Seaside City grounds passing through the iconic Cebu-Cordova Link Expressway (CCLEX).
1 min
January 09, 2026
The Freeman
Girl-love rocks 'What Lies Beneath'
Weeks of speculation finally came to an end in \"What Lies Beneath\" as the identity of Bana — the mysterious figure mentioned in Louisa’s (Mutya Orquia) heartbreaking love letter — was revealed, unlocking am unexpected girl-love (GL) storyline that reshapes the search for her killer.
1 min
January 09, 2026
The Freeman
TNT now 2-0, SMB ties series
After a mere steal in the series opener, the TNT Tropang 5G polished their game and scored a masterclass win for a followup.
1 mins
January 09, 2026
The Freeman
Metrobank sees moderate economic recovery in 2026
Metrobank sees a moderate economic recovery taking shape in 2026 as easing monetary policy in the US and the Philippines helps offset lingering global and domestic headwinds
2 mins
January 09, 2026
The Freeman
Philippine corruption in the last 10 years
The latest global corruption index listed the most corrupt countries as South Sudan, Somalia, Venezuela, Syria, Yemen, Libya, Eritrea, Equatorial Guinea, Nicaragua, Sudan, North Korea, Myanmar, Haiti, Turkmenistan, Burundi, Afghanistan, Tajikistan, Congo, and Zimbabwe.
3 mins
January 09, 2026
The Freeman
A Festive Culinary Soirée
In true gastronomic splendor, La Confrérie de la Chaîne des Rôtisseurs, Baillage de Cebu marked the Christmas season with a Holiday Dinner at Marco Polo Plaza Cebu — an evening that transcended the traditional fine-dining format.
1 mins
January 09, 2026
Listen
Translate
Change font size