The company shuttered 133 stores across its brands in 2025, resulting in a net reduction of 75 locations and leaving a total of 1,719 stores as of December 31, 2025. A further 100 closures are planned, with additional reductions under review. Gucci is expected to account for the largest share.
Closures in 2025 included 13 stores in Western Europe, 11 in North America, 16 in Japan and 42 in the Asia-Pacific region. The company said the closures targeted underperforming locations.
Kering also reduced inventory by 8% in 2025 and plans further reductions in 2026.
Read more about the full year 2025 financials here.
In October 2025, Kering agreed to sell its beauty division to L’Oréal for US$4.7 billion, alongside a 50-year exclusive licensing agreement expected to begin in the first half of 2026. The companies will also form a joint venture focused on luxury beauty, wellness and longevity products.
Kering has also expanded its jewellery operations, including the acquisition of Raselli Farco, and said it will provide further details on its strategy in April.
The company stated it will continue selective investment while maintaining cost controls as part of its turnaround plan.
Source: TheStreet
