However, at the reporting level, H1 revenue was down by -3% from €7.44bn in the same period in 2025 (see Operating Performance table). The biggest division, fashion and leather goods – which generates about 80% of Kering’s revenue – was down -1% (comparable) and -5% (reported) in the first six months of 2026. Gucci, which makes up half of the division’s revenue, contracted again by -5% (comparable) and -9% (reported). More relevant to investors perhaps is that the improving Q2 fashion numbers come after the ReconKering turnaround plan announced in mid-April. READ MORE: L’Oréal to take control of Gucci Beauty from July 2027 – a year earlyREAD MORE: Kering Eyewear and Valentino officially announce new global agreement