The Russian division of Gucci recorded a net loss of 1,55 billion rubles in 2022. Gucci, spring-summer 2023
28.05.2023 5435

The Russian division of Gucci recorded a net loss of 1,55 billion rubles in 2022.

The net loss of the Russian division of the luxury brand Gucci Gucci Rus for 2022 amounted to 1,55 billion rubles, although a year earlier the company made a profit of 327 million. Revenue fell more than 5 times - from 5 billion rubles in 2021 to 955 million the results of 2022, TASS reports.

Gucci boutique in Moscow on the street. Petrovka (temporarily closed) Gucci boutique in Moscow on the street. Petrovka (temporarily closed)

The luxury brand Gucci, which is part of the French Kering Group, suspended sales in Russia in 2022, like other brands in the group’s portfolio (Yves Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni), but did not liquidate the legal entity Gucci Rus, on which recorded eight separate divisions.

At the end of 2022, the number of employees in these divisions located in Moscow and in the cities of the Moscow region was 129 people.

Since March 5, 2022, Gucci has suspended the work of stores and retail operations in Russia, but has retained jobs and leased facilities, follows from the reporting of its local legal entity. Also, the documentation says that the company does not expect to resume the activities of stores in the coming year.

The Gucci brand produces shoes, clothing, leather goods, watches, jewelry, perfumes and other goods. 

The net loss of the Russian division of the luxury brand Gucci Gucci Rus for 2022 amounted to 1,55 billion rubles, although a year earlier the company made a profit of 327 million. Revenue fell by more than 5 times ...
5
1
Rating

Latest News

Since the beginning of 2026, more new foreign brands have entered St. Petersburg shopping centers than the previous year.

According to NF GROUP analysts, the share of foreign brands in St. Petersburg shopping centers fell from 12,3% to 11,1% in the first half of 2026. International retailers reduced their space by 9,3 square meters, and nine brands…
10.07.2026 583

Ekonika is releasing a capsule collection of men's footwear in collaboration with Gotleb.

Ekonika's collection now includes men's footwear! The brand launched its men's footwear line with a collaboration with local handmade shoe brand Gotleb (formerly Gottlieb Schwarz), founded by shoemaker Andrey…
08.07.2026 1077

Spanish footwear exports: stable value and moderate growth in volume

According to Revista del Calzado, according to data from the General Directorate of Customs, from January to April 2026, footwear exports amounted to 61,8 million pairs, worth 1,20 billion...
07.07.2026 8023

The fourth BRICS+ Fashion Summit will be held in Moscow from September 28 to 30.

The international platform will bring together industry leaders to discuss technologies, markets, and new development strategies.
06.07.2026 1142

The Moscow International Short Film Festival about Fashion has opened the call for applications.

Today, July 3rd, applications for the seventh World Fashion Shorts fashion short film festival open. It will take place on September 27th as part of Moscow Fashion Week. Films selected by the expert panel will be eligible to be broadcast on…
03.07.2026 1575
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning