Ralph Lauren, Lanvin double down on India luxury market growth amid global slowdown

In the global market, Kering SA, the Paris-based luxury conglomerate that owns brands such as Gucci, reported fixed income of €3.57 billion in the first quarter of FY26; Gucci’s sales decreased by 8% annually to 1.35 billion Euros. Revenue for Lanvin, the flagship brand of the Lanvin Group, dropped by 30% to €57.6 million in 2025.