Gucci, Kering Group's leading luxury house, reached its peak revenue in 2022, when it delivered a global sales revenue of 10.5 billion euros. Most recently, Gucci reported 7.65 billion euros worth of annual revenue across its worldwide operations.

In 2024, Kering's Gucci brand generated a global revenue of about 7.65 billion euros. Kering S.A. is a French international luxury group founded in 1963 by François Pinault. The company is based in Paris, France. Kering had a total revenue of approximately 17.2 billion euros in 2024. Kering Group Kering’s portfolio includes brands specialized in the design, making and selling of luxury clothing products, including leather goods, apparel, shoes, watches, and jewelry. The luxury brands owned by the group include Gucci, Balenciaga, Alexander McQueen, Bottega Veneta, and Yves Saint Laurent. The company also owns shares of the famous German sports brand, Puma. In 2004, the group acquired shares in Stella McCartney’s eponymous brand, however it sold them back to its founder in 2018. Gucci has been the greatest contributor to the Kering Group’s revenue over the past number of years. The Italian luxury brand has a strong social media presence and has dressed contemporary style icons such as Harry Styles and Rihanna. The brand value of Gucci alone amounted to 10.2 billion U.S. dollars in 2019. The Kering Group diversified its portfolio through Sport & Lifestyle brand Puma. The sports brand’s global revenue amounted to 4.65 billion euros in 2018, and is among the largest sporting goods manufacturers in the world. How long Puma will remain a part of Kering is unclear, as the company announced that it would sell its majority stake in the sportswear brand in 2019.

In 2024, revenue fell across the board when compared to the previous period, with the exception of the Kering Eyewear and Corporate segment, which grew by 8 percent. Gucci, Yves Saint Laurent, and Bottega Veneta are all part of The Kering Group.

Gucci is one of the most iconic and well-known luxury personal goods brands in the world. Gucci offers a range of different luxury fashion products, with half of the brand’s worldwide revenue coming from the sale of leather goods as of 2024. Shoes, ready-to-wear apparel, watches, and jewelry are the other main product categories of Gucci, however they also sell other products such as perfume and home décor. How did Gucci’s product line develop? Gucci was founded in Florence, Italy in 1921. The company started out as a leather goods manufacturer, dealing primarily in the sale of leather bags to people travelling on horseback. As methods of transport changed, so too did Gucci’s product offering. The company started making luxury luggage and later added ties, shoes, and handbags to its product line. Gucci products turned into status symbols as many famous people started wearing them. Nowadays, many more products, such as eyewear, belts, furniture, and various other consumer goods are sold under the Gucci label. Gucci: an iconic fashion label Gucci is one of the most valuable luxury good brands in the world. The company has changed ownership on a few occasions and is now part of the Kering Group. Gucci is the most well-known luxury fashion brand in the United States.

The brand value of Gucci amounted to approximately ******billion dollars in 2025, a decrease compared to the previous year. Gucci is worth significantly more than at the start of the displayed time period, and even since 2018 has seen considerable growth of almost ***** billion dollars. How popular is Gucci? Gucci is one of the most renowned fashion brands in the world, with a brand awareness among luxury fashion owners with a recognition of ** percent in the UK in 2024. In the U.S., over one-third of luxury fashion owners owned a Gucci product in that year. Gucci’s reputation is so widespread that a Hollywood film, House of Gucci, was made, based around the history of the company. Luxury competition While it may be the best known, Gucci’s value is not the highest among all luxury brands, however. Louis Vuitton (Moet Hennesy Louis Vuitton) took that crown in 2024 with a value of **** billion U.S. dollars. Chanel’s brand value was also greater than Gucci’s. Gucci is owned by Kering, along with other luxury brands, such as Yves Saint Laurent and Bottega Veneta. Gucci is the brand with the largest share of Kering’s revenue at ***percent.

This timeline depicts the global revenue of the Kering Group from 2008 to 2024. In 2024, Kering's global revenue amounted to about **** billion euros. Kering Group The Kering Group is a retailer of apparel and accessories that designs, manufactures and markets luxury goods. The company’s product portfolio includes leather goods, shoes, ready to wear products, jewelry, and watches. Some of its brands include Gucci, Bottega Veneta, and Saint Laurent. The company was previously the a majority stakeholder of Puma. Kering retained a minority stake in the sportswear brand as of 2020. Kering brands The biggest brand of the Kering Group is Gucci. Over the years Gucci has been implementing a brand elevation strategy that will encapsulate the brand's quality, creativity, innovation and Italian craftmanship. By moving towards the mid-high end of the market the brand has been steadily increasing its appeal among the sophisticated and exclusive luxury consumers. In 2024, Gucci was ranked as the fourth most valuable luxury brand in the world; behind Hermès, Louis Vuitton and Chanel.

According to Cognitive Market Research, the global Pet Accessories market size was USD 27514.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 11005.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8254.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6328.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1375.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 550.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The supermarkets are the dominant distribution channel. Their widespread accessibility, competitive pricing, and ability to offer a variety of pet products in one location make them a popular choice among consumers

Market Dynamics of Pet Accessories Market

Key Drivers for Pet Accessories Market

Growing Pet Adoption and Humanization Trends to Boost Market Growth

The increasing global pet adoption rates, driven by rising awareness of animal welfare and emotional benefits of pet companionship, significantly propel the pet accessories market. Pet owners are increasingly treating their pets as family members, which has fueled the demand for premium and customized pet products, including grooming tools, clothing, and accessories. This humanization trend is particularly strong in developed economies, where high disposable incomes enable spending on non-essential pet items. Additionally, younger generations, particularly millennials, are prioritizing pet care, further driving market growth. For instance, In June 2022, Gucci launched a collection of clothing and accessories for dogs, cats, and other four-pawed creatures. This collection includes a range of colorful pet coats and wool sweaters, focusing on providing ultimate comfort for pets

Technological Advancements in Pet Accessories to Drive Market Growth

Innovations in pet technology have become a major driver of growth in the pet accessories market. Smart pet devices, such as GPS trackers, automated feeders, and interactive toys, are gaining popularity due to their ability to enhance pet care and convenience. These advancements appeal to tech-savvy pet owners who value functionality and connectivity. For instance, devices that monitor pet health and behavior are in high demand, contributing to an evolving market landscape. The integration of IoT (Internet of Things) in pet products is expected to sustain this growth trend over the coming years.

Restraint Factor for the Pet Accessories Market

High Cost of Premium Products, will Limit Market Growth

The elevated cost of premium and technologically advanced pet accessories acts as a significant restraint in the market. While developed regions exhibit a strong inclination towards luxury pet products, consumers in price-sensitive markets often find these products unaffordable. This limits the reach of high-end pet accessories to a niche customer base, constraining overall market penetration. Additionally, economic uncertainties and fluctuations in disposable income levels can further dampen the willingness of consumers to spend on non-essential pet products, posing challenges to the market’s growth potential.

Impact of Covid-19 on the Pet Accessories Market

Covid-19 pandemic had a mixed impact on the pet accessories market. On one hand, increased pet adoption during lockdowns drove demand for essential and non-essential pet products, as many individuals sought companionship during periods of social isolation. Online sales of pet accessories surged as e-commerce platforms became the primary shopping avenue during restrictions. However, disruptions in supply chains, delays in manufacturing, and reduced consumer spending on non-essential items posed challenges for the market. Brick-and-mortar pet stores experienced declining footfall, furth...

In 2020, the Italian fashion company Guccio Gucci S.p.A. reported a net profit worth just over one billion euros. This figure represented approximately 47 percent decrease compared to the previous year, when the company registered a net profit of approximately two million euros.

An Italian success story

The numbers shown in this graph only refer to the net profit of the company’s Italian subsidiary located in Florence. In the meantime, the Gucci brand, now owned by the Kering Group, generated over 9.7 billion euros worth of revenues in 2021 and was valued at over 15 billion euros in the same year.

Foreign groups shopping for Italian brands

Acquired by Kering Group in 1999, Gucci was one of the first Italian luxury brands to be sold to larger international corporations. Thanks to several strategic acquisitions over the course of its history, the Group has become a superpower in the luxury sector, ranking second among the leading luxury companies in terms of global sales.

As per Cognitive Market Research's latest published report, the Global Luxury Scarves market size will be $1,663.08 Million by 2028. Luxury Scarves Industry's Compound Annual Growth Rate will be 6.10% from 2023 to 2030. Market Dynamics of Luxury Scarves Market

Key Drivers for Luxury Scarves Market

Increasing Preference for High-End Fashion Accessories: Luxury scarve demand is being driven by rising disposable income and consumer preference for upscale, designer accessories. In addition to their practical uses, these goods also function as status and fashion markers. Leading fashion brands: Like Hermès, Gucci, and Louis Vuitton are extending their high-end scarf collections with the help of influencer marketing and celebrity endorsements. Consumer interest and product desirability are greatly increased by this brand visibility. Growing Demand from Emerging Markets: Aspirational spending and growing urbanization in developing nations like China, India, and Southeast Asia are driving economic expansion. Premium scarve sales are boosted by the quick adoption of international luxury fashion trends by consumers in these areas.

Key Restraints for Luxury Scarves Market

High Cost Preventing Widespread Adoption: Due to their upscale quality, these scarves are out of the price range for many buyers. Their premium pricing limits market expansion in middle-income demographics by limiting adoption to high-income groups. Brand Dilution and Counterfeit Products: The availability of counterfeit goods, particularly in unregulated and internet markets, has a significant impact on the luxury scarf market. These imitations weaken the reputation of the brand and lower sales of genuine goods. Demand Is Seasonal and Discretionary: Scarves are frequently non-essential, seasonal accessories. They are more vulnerable during downturns or off-seasons because their sales are impacted by weather, fashion cycles, and economic stability.

Key Trends for Luxury Scarves Market

The rise of ethical and sustainable luxury fashion: Scarves made of bamboo, organic silk, or recycled materials are becoming more and more valued by consumers. In order to satisfy the expectations of environmentally conscious consumers, luxury brands are adjusting by introducing sustainable collections. Personalization and Limited-Edition Launches: In luxury fashion, personalization is quickly emerging as a key trend. To appeal to wealthy customers looking for exclusivity and uniqueness, brands are implementing artist collaborations, exclusive releases, and monogramming. Digitalization and the Development of Online Luxury Retail: Brand websites, upscale e-commerce platforms, and virtual showrooms are increasingly being used to sell luxury scarves. Tech-savvy consumers are increasingly making purchases online thanks to digital channels' more extensive worldwide reach and tailored marketing. Definition Of Luxury Scarves

Scarf or scarves in plural is used for the cloth/ fabric in strip, triangle or square shape which can be worn around the neck, head, or shoulders to keep body warm or to make people look attractive. The concept of modern scarf originated from way back in Ancient Egypt when it was first used by the Queen Nefertiti. The scarf was subjected as the piece of cloth use as a sweat cloth, or to keep clean or for protection from the wind, sun, and dust. The concept was change when the fashion designers saw the potential to capitalize on the fabrics and they designed the ready-to-wear scarf in France.

The trend of Scarves flourished the European and American when the Queen Victoria sat on her throne and popularized gorgeous silk cravats with stunning graphic prints. With this the modern scarves concept came into noticed which then use to signify fashion sense. As scarves gain the popularity, manufacturer started experimenting with various types of fabrics such as silk, cloth, cashmere, chiffon, cotton, wool mixes, muslin, and modal. Today, high-end fashion designers around the world produce custom printed scarves in collaboration with innovative designers. As new technologies emerge, scarves will continue to evolve in design, color, and creation.

There are various emerging trends in the market such as key players are launching limited edition luxury wool scarf to promote sustainability. The key players focus on collaboration with famous designer in the market which emphases on use...

The women's watch market is projected to reach a value of $33,000 million by 2033, expanding at a CAGR of 2.6% during the forecast period. The rising popularity of smartwatches, the increasing demand for luxury watches, and the growing disposable income of women are the major drivers of market growth. Moreover, the increasing number of working women and the growing awareness of fashion and style are also contributing to the growth of the market. North America and Europe are the key regional markets for women's watches, accounting for a significant share of the global revenue. The presence of key luxury watch brands, such as Burberry, Richemont, Gucci, and LVMH, is a major factor driving the growth of the watch market in these regions. The Asia-Pacific region is expected to witness the fastest growth in the coming years due to the rising disposable income of women, the increasing demand for luxury watches, and the growing popularity of online shopping. However, the market growth may be restrained by factors such as the economic slowdown, the increasing popularity of affordable watches, and the growing popularity of unisex watches.

The Luxury Retailing industry has thrived over the past few years, despite challenges posed by the COVID-19 pandemic and the cost-of-living crisis. Australian luxury retailers was relatively insulated from the financial instability that affected most of the global retail sector during the pandemic. Store closures and lockdowns drastically reduced instore sales, while travel limits decreased revenue from international travellers. However, housebound consumers redirected savings for overseas trips into luxury purchases to make lockdowns more comfortable. Social payment packages supported this spending. The pandemic forced luxury retailers to embrace a long-overdue digital movement and establish an online presence. This allowed luxury retailers to profit from the pandemic-induced online shopping boom. Rising household discretionary income and market polarisation also stoked demand for luxury products until 2021-22. Ever-changing consumer preferences have created opportunities for diverse luxury brands, boosting the number of enterprises. The domestic luxury market’s strength has attracted international fashion houses like Louis Vuitton to expand their physical footprints in Australia, especially in Sydney and Melbourne, with a greater focus on capturing international visitors’ attention at airports. Post-pandemic revenge spending has allowed retailers to increase prices, countering business inflation and yielding higher profit margins. However, due to rising cost-of-living pressures, consumers are becoming more conservative with their spending. As a result, industrywide revenue is expected to grow at an annualised 2.6% over the five years through 2025-26, to total $7.5 billion, with revenue anticipated to grow a mere 1.4% in 2025-26. Going forwards, industry revenue is projected to increase at an annualised 2.5% through the end of 2030-31, reaching $8.5 billion. This growth will stem from increased discretionary income, improved consumer sentiment and a recovery in inbound tourism. Intensifying industry competition will arise from flagship stores investing in exclusive products and customer service. Emerging luxury brands targeting wealthy tourists will significantly shape the industry, benefiting independent boutiques that can readily adopt new and niche labels. Potential public policies to boost Australia’s fashion market are forecast to lead to more Australian-owned luxury brands, bringing new players into the industry.

In 2022, e-commerce sales of the Kering Group rose by 11 percent on a comparable basis to 2021. The group owns the luxury houses Gucci, YLS, Bottega Veneta and Balenciaga among others. The total revenue of the luxury group in 2022 was reported at 20.35 billion euros.

In 2017, the Italian fashion company Guccio Gucci S.p.A., well known worldwide for designing and producing high-end clothing, footwear and accessories for women, men and kids, reported a total workforce of 947 employees. This figure represented an increase of almost 200 units compared to the first year considered in the graph, when the number of employees amounted to 767. However, the most remarkable increase in the workforce of the company was seen in 2017, when Gucci hired 133 additional employees.

Gone global

The numbers shown in this graph only refer to the employees located in the company’s headquarters and manufacturing plant in Florence, Italy. In 2018, Gucci , which operates as a subsidiary of the Kering Group, boasted 487 directly operated stores worldwide. With global revenues amounting to over 9 billion euros, the Gucci brand generated more than 60 percent of the total revenue of the Kering Group.

The Gucci brand

Founded in 1921 in Florence as a leather goods manufacturer, Gucci has become one of the leading players in the global luxury goods market and ranked third in the list of the most valuable luxury brands worldwide in 2018. Worth noting is also the brand’s presence on social media: Gucci’s Instagram account was followed by 34.3 million users worldwide as of May 2019.

In the fiscal year ended March 30, 2024, Versace had global revenues of approximately one billion U.S. dollars, a slight decrease on the previous year. Over the displayed time period, the revenue of Versace has increased, starting at roughly 840 million dollars in 2020. Who owns versace? The Italian luxury fashion brand Versace is now owned by Capri Holdings Limited, after being acquired towards the end of 2018. Capri Holdings was formerly called Michael Kors Holdings and has a portfolio of brands including Michael Kors and Jimmy Choo. The revenue of Capri Holdings Limited amounted to more than 5.65 billion U.S. dollars in the financial year 2024. With the exception of financial year 2021, revenues have remained consistent since 2020. How well known is Versace? In a ranking of the most recognized luxury brands worldwide in 2022, Versace ranked 13th out of 60 brands considered. This was higher than fellow Capri Holdings brand Michael Kors. Other luxury fashion groups LVMH and Kering both had several brands ranked higher than Versace, such as Gucci and Saint Laurent for Kering, and LVMH’s brands Louis Vuitton, Dior, and Fendi. Louis Vuitton was ranked as the most valuable luxury brand by a considerable margin in 2023, at 125 billion U.S. dollars.

In 2023, Chanel’s worldwide brand value amounted to approximately **** billion U.S. dollars, an increase on the previous year. The worldwide brand value of Chanel experienced a positive trend in the time period between 2017 and 2023, and growing by ** percent in the most recently reported period. One hundred years of success Chanel, a century-old fashion house based in Neuilly-sur-Seine, France, produces high-fashion clothing as well as luxury items and accessories, most notably the popular fragrance Chanel No. 5. The company is one of the most valuable luxury brands worldwide, alongside other luxury fashion giants such as Louis Vuitton, Hermes, and Gucci. Chanel’s value correlates with its wide popularity. Among U.S. consumers, the company was one of the top well-known luxury fashion & accessory brands. Continuous growth The popular French fashion house experienced uninterrupted growth in revenues in recent years as well as a steep increase in brand development.

This statistic depicts the brand value of the leading 10 most valuable luxury brands worldwide in 2025. In that year, Louis Vuitton was the most valuable luxury brand worldwide with a brand value of about *** billion U.S. dollars.Luxury goodsThe global luxury goods industry, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags, has been on an upward climb for many years. Although the technical term 'luxury good' is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price. Luxury goods manufacturers meet consumer demand by focusing on brand, aesthetics, quality materials, superior craftsmanship and pricing to transform everyday objects into status symbols. The industry rises and falls with the gross domestic product (GDP), seeing demand climb in times of economic stability and plummeting in unfavorable economic climates. The United States has long been the largest regional market for luxury goods and it was estimated to continue to be the leading personal luxury goods market in 2025, with a value of ** billion euros. LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about **** billion U.S. dollars in 2025. The LVMH Group's total revenue for the 2024 fiscal year was about ** billion euros. Moët Hennessy Louis Vuitton, more commonly referred to as LVMH Group, is a French luxury goods conglomerate. The company is primarily known for its fashion house, known as Louis Vuitton, named after its founder. The conglomerate operates globally, selling luxury leather goods, handbags, ready-to-wear fashion, and other fashion accessories. Since 1989, the company has been run by Frenchman Bernard Arnault, following the merger of the luxury goods producer with champagne producer Moët & Chandon and cognac manufacturer Hennessy.New markets and segments are giving the industry growth points. One challenge for luxury companies is to maintain brand equity and cultivate their customer relationships. As luxury expands into more industries, expect a more mature segmented market. As a result, consumers should also become more rational.