Kering vs LuxExperience

Kering launches its Kering Generation Award in India

Kering launches its Kering Generation Award in India, published on 09/07/2026. Also new: Kering Jewelry appointments, Sabina Belli appointed President of Kering Italia, and 2026 first half results.

Football Stars Boost Luxury Handbag Demand

Male professional footballers — notably Erling Haaland, Jude Bellingham and Kylian Mbappé — are increasingly photographed carrying high-end designer handbags, giving luxury houses extra visibility as sales soften in key markets. LVMH and Kering each reported roughly 3% year‑on‑year revenue declines in the first half, with Kering group revenue at €7.2bn from January–June and Gucci contributing about €2.8bn (down ~9%). Brands are leveraging players’ global reach and ambassador roles to push a growing 'man‑bag' segment: Haaland’s Birkin collection is estimated at €1.1m, and players often appear with Hermès, Louis Vuitton and Dolce & Gabbana pieces. Industry analysis (via Bloomberg/Bain & Co.) estimates only about a quarter of the luxury‑handbag market is male, indicating significant room to expand demand through these celebrity-driven channels.

• LVMH reported a 3% year‑on‑year revenue decline in the first half; its share recently hit a six‑year low and is down roughly 26% year‑to‑date.
• Kering reported a 3% revenue decline for the first half; group revenue January–June was €7.2bn, with Gucci contributing about €2.8bn (down ~9% versus the prior half-year).
• Erling Haaland’s collection of Birkin bags is estimated at €1.1m; he and other players have been photographed with Hermès and Dolce & Gabbana pieces.

L'Oréal grows and posts record margin in H1 2026

L’Oréal confirmed strong growth in the first half of 2026, reporting revenue of €23.77 billion (up 5.8%; like‑for‑like growth 6.8%, adjusted 6.5%). E‑commerce and innovation were cited as primary growth drivers. The group achieved a new operating‑margin high of 21.3% and a gross margin of 74.8%. Operating profit rose to €5.06 billion and adjusted net profit was nearly €4.0 billion, up 4.7%. All divisions and regions contributed, with particularly dynamic performance in Professional Products and Dermatological Beauty, strength in SAPMENA‑SSA and North America, and continued recovery in North Asia. Management highlighted increased marketing investment, use of artificial intelligence in product development and marketing, a long‑term licensing agreement with Kering for Gucci, and planned investments in growth markets such as India. The article was published 2026‑07‑30.

• L’Oréal H1 2026 revenue: €23.77 billion, +5.8% (like‑for‑like +6.8%, adjusted +6.5%).
• Gross margin: 74.8%; operating margin reached a record 21.3%.
• Operating profit: €5.06 billion; adjusted net profit: ~€4.0 billion, +4.7%.

LuxExperience Reports Q4 FY26 and Full FY26 Results: Strong +7.6% Net Sales Growth ex-FX and Improved Adjusted EBITDA Profitability

LuxExperience announced Q4 FY26 and Full FY26 results with strong +7.6% Net Sales growth ex-FX and improved Adjusted EBITDA profitability, setting the stage for accelerated top- and bottom-line growth in FY27.

LuxExperience Boosts Revenue, Expects Faster Growth

LuxExperience, the parent company of Mytheresa, NET-A-PORTER, MR PORTER, and YOOX, reported a 7.6% constant-currency net sales increase in Q4 FY2026, with reported sales up 6.1% to €653.6 million. Adjusted EBITDA margin improved to 2.1%, marking the third consecutive quarter of profitability. Mytheresa led growth with a 10.2% constant-currency sales increase, while NET-A-PORTER and MR PORTER achieved an operational turnaround. YOOX reduced its adjusted EBITDA loss to €45.5 million for the full year. The company forecasts accelerated mid-to-high single-digit revenue growth for FY2027, with adjusted EBITDA margin between 2-3%, and authorized a share buyback of up to $50 million.

• LuxExperience Q4 net sales up 6.1% to €653.6 million (7.6% ex-FX).
• Adjusted EBITDA margin improved to 2.1% in Q4, third consecutive profitable quarter.
• Mytheresa Q4 net sales up 10.2% (ex-FX), US business grew 39.3%.

20-F Financial Filing Analysis for LuxExperience (2026-09-16)

LuxExperience B.V. (formerly MYT Netherlands Parent B.V.) filed its Annual Report on Form 20-F for the fiscal year ended June 30, 2026, reflecting the transformative integration of YOOX NET-A-PORTER GROUP S.p.A. (YNAP) following its acquisition from Richemont in April 2025, alongside the subsequent divestiture of THE OUTNET completed in April 2026. The report outlines the expanded group structure across three primary operating segments: Luxury | Mytheresa, Luxury | NET-A-PORTER & MR PORTER, and Off-Price | YOOX. Disclosures highlight heightened exposure to operational integration risks, post-acquisition restructuring, logistics network realignments across Europe and the US, cookie deprecation, evolving EU AI Act compliance, and macroeconomic headwinds affecting luxury consumer discretionary spending.

• As of June 30, 2026, LuxExperience B.V. had 139,699,831 ordinary shares outstanding with a nominal par value of €0.000015 per share.
• The corporate structure spans three primary operational segments post-YNAP acquisition: Luxury | Mytheresa, Luxury | NAP & MRP, and Off-Price | YOOX, following the divestiture of THE OUTNET in April 2026.
• Customer concentration within the Luxury | Mytheresa segment remained significant, with the top 4.8% of customers accounting for approximately 48.4% of its Gross Merchandise Value (GMV) in fiscal 2026.