Feb 11, 2025 / 07:30AM GMT
Francois-henri Pinault - Kering SA - Non-Independent Chairman of the Board, Chief Executive Officer, Member of the Executive Committee
Good morning to all of you. I am pleased to welcome you to Kering's 2024 full year results presentation. To say the least, 2024 came far from meeting our initial expectations. We knew, and I told you a year ago that things would not be easy for Kering in 2024 as we were and still are operating a transformation, and we are doing this against adverse market conditions. But as you've seen throughout the year, things have been even tougher than what we had foreseen. I also told you last year that we would really build without taking any shortcuts. The long-term health of our brands is not compatible with short-term compromises or quick fixes.
So we are staying the course. The strategy we are implementing consistently since we began Kering, a pure player in luxury is unchanged. We have demonstrated in the past that we know to grow brands, and we will do it again. Gucci will come back. I have absolutely no doubt about this.
We've built a
Full Year 2024 Kering SA Earnings Call Transcript
Feb 11, 2025
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