Louise Susan Singlehurst's questions to Kering (PPRUY) leadership • Q3 2021
Question
Louise Singlehurst from Goldman Sachs asked for color on Gucci's performance trend in September after a soft August. She also questioned if there were any executional issues beyond the timing of the Aria collection and requested confirmation on the launch date for the Gucci by Balenciaga project.
Answer
CFO Jean-Marc Duplaix attributed Gucci's relative softness in September to a 'lack of newness' in stores ahead of the Aria collection launch, rather than any executional or logistical failures. Claire Roblet, Director of Financial Communications, confirmed that 'The Hacking Project' with Balenciaga would launch in stores in November.