Gucci: a bold bet on reinventing luxury, from Demna to the 2026 strategy
Fashion

Gucci: a bold bet on reinventing luxury, from Demna to the 2026 strategy

Reinventing Gucci is no longer simply about designing a new silhouette. For the Florentine fashion house, the project now encompasses creation ,product, distribution, service, communication, customer relations, and how to provide concrete evidence of its environmental commitments.

After a particularly difficult year in 2025, Gucci is thus entering a phase where the word "reinvention" must be taken literally: it is not about adding a campaign or changing an artistic direction, but about rebuilding a coherent form of desirability.

The gamble is considerable. Gucci remains one of the most powerful brands in the luxury industry, but this historical power no longer exempts us from a question that has become essential in 2026: why should the customer desire Gucci again now?

Gucci facing the luxury slowdown: why reinvention has become urgent?

golden parade above the earth 1

The financial context explains part of the strategic acceleration. In 2025, Gucci generated approximately €6 billion in revenue, down 22% as reported and 19% on a like-for-like basis. Sales through its own network, which represented 92% of the business, decreased by 18% on a like-for-like basis. Wholesale sales, meanwhile, plummeted by 34%.

These figures say more than just a temporary slowdown. They reveal the difficulty for a major brand to simultaneously maintain its cultural relevance, product appeal, and commercial effectiveness in a market that has become much more selective.

The luxury consumer is more discerning. They compare items, question their value, observe the actual quality of the product, and become less susceptible to the accumulation of novelties for their own sake.

Gucci must therefore solve a delicate equation: regain energy without falling back into noise, reconnect with audacity without erasing its heritage and recreate novelty without sacrificing legibility.

This search for balance aligns more broadly with what Luxe Daily analyzes as a return to a more essential luxury, where value is once again focused on cut, materials, quality of execution, and durability rather than simply on the accumulation of effects.
Also read on Luxe Daily: Luxury put to the test by excess: towards a new essentialism.

Demna at Gucci: a creative change that goes beyond the catwalk

sparkling elegance in a classic home

On March 13, 2025, Kering officially announced the appointment of Demna as Creative Director of Gucci, with his appointment taking effect at the beginning of July. The choice was far from insignificant. After a decade spent redefining part of the language of contemporary luxury at Balenciaga, Demna arrived with a recognized ability to transform clothing into cultural objects, campaigns into conversations, and fashion into a narrative system. At Gucci, however, the challenge is different.

It is not enough to create a break. The House already has an extremely dense visual heritage: Bamboo, Horsebit, GG monogram, Florentine leather goods, tailoring, Italian sensuality, eccentricity and equestrian culture.

The challenge, therefore, lies less in inventing an Gucci than in deciding which symbols should return to the forefront. This distinction is crucial. A heritage brand doesn't reinvent itself by destroying its codes, but by prioritizing them.

La Famiglia: putting Gucci's characters and codes back at the center

Presented in September 2025, Gucci: La Famiglia marks the first major expression of this new era. The collection does not offer anonymous minimalism. On the contrary, it organizes the Gucci territory around a gallery of personalities and attitudes: La VIP, Incazzata, Direttore, Ereditiera, Milanesa and Nerd.

The installation provides an important clue about Demna's method : Gucci isn't simply looking for an immediately identifiable silhouette. The House reconstructs a universe of characters, each embodying a facet of its personality. Heritage is therefore used as a vocabulary, not as a museum.

Kering indicates that La Famiglia, unveiled in September 2025 and then gradually rolled out in stores starting in January 2026, helped to revive interest in the House. The concept was subsequently extended to the digital realm. In February 2026, Gucci and Snapchat notably presented La Famiglia through an experience using generative artificial intelligence. Read more on Luxe Daily: Gucci x Snapchat: the first luxury Sponsored AI Lens for La Famiglia.

This approach illustrates a deeper transformation in luxury brand communication : it is no longer enough to simply showcase a world. It is necessary to give the public a way to enter it.

The product is once again becoming the focus of Gucci's strategy

This is probably the most significant change. Gucci's repositioning isn't solely based on image. Kering is now explicitly emphasizing the restructuring of its product offering.

In the first quarter of 2026, Luca de Meo describes a transformation based on three dimensions: customer experience, the distribution network, and, above all, the product. The Group indicates that it has reviewed the structure of its offering and clarified Gucci's priorities by category. This direction reflects a fundamental reality of luxury: no campaign can sustainably compensate for an offering that the customer no longer understands.

The relaunch therefore hinges on objects distinctive enough to become immediately desirable. In 2025, Kering already noted the positive reception given to new leather goods lines. The bag Giglio, unveiled during the Cruise 2026 collection, was presented by the Group as one of the House's most successful recent launches. In the second quarter of 2026, Kering also cited the Borsetto and Paparazzo among the launches that supportedGucci's improved sales.

The signal is interesting: Gucci's reconstruction seems to involve less dispersion and more signature products capable of creating an immediately identifiable link between creation, heritage and commercial desire.

Reinventing Gucci also means rethinking the customer experience

Contemporary luxury is no longer defined solely by the moment a customer chooses a bag. The relationship begins before the purchase and continues afterward.

Gucci is thus developing a service architecture that combines clienteling, personalized appointments, advice, customization, and after-sales service . On its French website, the House allows MY GUCCI members to book an appointment with a dedicated advisor. Clients can request a selection of pieces, style advice, or explore various customization options. Virtual appointments are also available.

Personalization applies particularly to certain leather goods, luggage, belts and leather accessories, with embossing or engraving depending on the product. This development is strategic.

When a product becomes very expensive, luxury brands can no longer treat service as a mere sales accompaniment. The Gucci customer experience becomes a component of perceived value.

The advisor, thefitting room, availability, maintenance,repair , and product knowledge now contribute to justifying the price as much as the packaging or the store itself. Gucci is simultaneously experimenting with formats where retail truly becomes a place of culture and hospitality.

Read on Luxe Daily: Gucci Giardino: the art of mixology at the heart of Japanese retail.

Repair and lifespan: when service becomes a sign of luxury

One of the most interesting changes concerns after-sales service. Gucci claims to offer maintenance and repair services to extend the life of its products, relying on a network of specialized centers and expert craftsmen.

Through its French customer service, the House also allows requests concerning the maintenance and repair of Gucci items, from bags and shoes to jewelry, watches and glasses.

This dimension deserves more attention when discussing sustainable luxury. The durability of a piece depends not only on its material, but also on its ability to be maintained, repaired, and preserved.

For a luxury brand, repairability thus becomes a form of proof: a product designed to last must be able to be supported as it ages.

Gucci Sustainability: Moving from Talk to Action

It is precisely on this notion of proof that environmental strategy must be examined. Today's premium consumer is exposed to a multitude of claims: responsible materials, sustainable manufacturing, circularity, traceability, emissions reduction. The difficulty, therefore, is no longer simply using the right words.

It involves documenting them. With Gucci Equilibrium, the House structures its strategy around issues related to individuals and the planet. Gucci states its intention to act across its entire value chain and develop a "responsible and circular" luxury model. Its 2025 impact report compiles the initiatives and indicators associated with this approach.

Materials designed with traceability in mind

Gucci states that it selects its materials from suppliers subject to requirements relating in particular to traceability, the environment, social conditions, animal welfare, and the use of chemicals. The sourcing strategy is progressively favoring recycled, organic, regenerative, or certified options.

Origin of the material, certification, transformation, waste generated, product lifespan and recyclability now form a value chain that the customer may want to understand.

Circular Hub: Circularity integrated into production

In February 2023, Gucci and Kering launched the Circular Hub, a platform designed to accelerate the transition to more circular production. The project works across various stages of the value chain: raw materials, design, production, logistics, reuse, recyclability, and repairability. It leverages Gucci's facilities and an ecosystem that includes hundreds of suppliers and subcontractors in Italy.

In 2025, Gucci indicated that it had continued the development of the system and new projects for the reuse of resources.

This circularity sometimes even begins before the product exists. Kering explains that the Giglio bag , in particular, was designed using materials already present in Gucci's archives, thanks to a process of mapping and reusing existing stock.

Gucci Scrap-less: figures that make sustainability more tangible

Concrete data becomes particularly useful when it comes to avoiding greenwashing. Gucci states that by 2025, its Gucci Scrap-less had repurposed 12 tons of leather scraps, saved approximately 68,000 kWh of energy and 715,000 liters of water, while avoiding the use of 9 tons of chemicals. These indicators are obviously insufficient to summarize the environmental footprint of a global fashion house.

However, they show the direction that the discourse on responsible luxury should take: fewer generic slogans, more measurable results.

In the luxury of tomorrow, traceability, repairability or recycling could become as important to the credibility of a product as its artisanal origin.

Gucci communication: becoming a cultural brand again

Gucci's reconstruction is ultimately playing out on a particularly difficult-to-quantify terrain: its place in culture. A major fashion house cannot simply publish content continuously.

She must create images, objects, and conversations that the public chooses to watch. That's why Demna's work must be understood beyond clothing.

Campaigns, castings, fashion shows, collaborations, store architecture, digital or cultural projects constitute the different facets of the same brand storytelling.

The goal is not necessarily to be everywhere. It is to become identifiable again.

This question of Gucci as a "cultural entity", and not simply as a manufacturer of luxury goods, is in fact one of the major axes of its recovery.

Read on Luxe Daily: Gucci, the “cultural entity” as a recovery strategy at Kering.

Collaborations: Expanding the universe without diluting Gucci

Collaborations can accelerate this cultural resonance, provided they don't transform the House into a series of "drops." The real challenge is coherence. Each partnership must answer a simple question: what does it truly add to the Gucci universe?

Kering cites in particular in 2026 the partnerships concluded aroundAlpine and Gucci Beauty with L'Oréal as levers capable of strengthening the image and international reach of the brand.

The partnership with Alpine notably illustrates Gucci's desire to open up new cultural territories around performance, sport and experience.

Read on Luxe Daily: Gucci x Alpine F1: the Italian fashion house enters the race from 2027.The challenge will remain the same, however: to expand the brand without making its identity interchangeable.

Will the first results of Gucci's strategy be visible in 2026?

Yes, but with caution. The first half of 2026 does not yet represent a full return to growth for Gucci.

In the first six months of the year, the company's revenue reached €2.757 billion, down 9% as reported and 5% on a like-for-like basis. Sales through its own network declined by 6%. However, the momentum in the second quarter significantly alters this picture.

Between April and June 2026, Gucci's revenue reached €1.41 billion, representing a limited decline of 2% on a like-for-like basis. Crucially, sales at directly owned stores also declined by 2%, an improvement of 7 percentage points compared to the first quarter. Kering describes this as Gucci's strongest sequential growth in several quarters.

Gucci's current operating margin reached 17% in the first half of 2026, compared to 16% a year earlier.

In other words, Gucci has not yet returned to its former growth trajectory. But for the first time in several quarters, the product strategy, image, and sales indicators are beginning to converge.

ReconKering: Gucci at the heart of Kering's new strategic plan

This restructuring is now part of a broader Group strategy. On April 16, 2026, Kering presented its ReconKering – True Luxury. Next Luxury plan. The stated objective is to strengthen the desirability of its Houses, make execution more disciplined, and build the luxury of tomorrow around two sets of values. “True Luxury” reaffirms creativity, craftsmanship, cultural relevance, and product excellence.

The "Next Luxury" must integrate new technologies, new markets, and evolving customer expectations. For Gucci, Kering has articulated the priority particularly clearly: to reignite desirability through a strong creative direction, mastered codes, and a sublime heritage. This is probably the best summary of the current strategy. Gucci is not trying to become another fashion house. The brand is seeking to become a clear and authentic version of itself once again.

A necessary reinvention… but still risky

The main risk would be confusing speed with haste. A major brand can hardly change its product, image, prices, retail, communication, and organization all at the same time without creating disruption.

Gucci must therefore maintain a consistent direction long enough for a new visual language to become identifiable. Too much experimentation could dilute the established codes. Conversely, too much caution could leave the brand in a state of aesthetic limbo.

Success will depend in particular on four elements: Demna's ability to create several iconic products, continuity between campaigns and collections, excellence in retail execution, and Gucci's ability to transform its sustainability commitments into evidence accessible to customers.

What Gucci's transformation could change for luxury

Gucci is a textbook case because the House embodies almost all the challenges faced by major brands. How do you remain spectacular when consumers want more substance? How do you enhance your heritage without becoming nostalgic? How do you accelerate your digital transformation without diluting your image? How do you justify very high prices while improving the perceived quality of the product and service? How do you talk about responsible luxury without resorting to generic rhetoric?

The answer emerging at Gucci is based less on a revolution than on a reconciliation: creation and heritage, image and product, desire and duration, innovation and know-how.

If this strategy works, luxury in the coming years could be less obsessed with constant novelty. It could become more precise. More identifiable. More repairable. More documented. And paradoxically, by slowing down certain logics of symbolic overproduction, perhaps more desirable.

FAQ: Understanding Gucci's new strategy

Who will be the Artistic Director of Gucci in 2026?

Demna is the Artistic Director of Gucci. His appointment was officially announced by Kering on March 13, 2025, with a start date in early July 2025.

Has Gucci returned to growth by 2026?

Not yet for the entire first half of the year. Gucci's revenue is down 5% on a like-for-like basis in the first half of 2026.However, the second quarter shows a significant improvement: revenue is now down only 2% on a like-for-like basis, and sales from its own network are up 7 points compared to the previous quarter.

How is Gucci working on sustainability?

The Gucci Equilibrium strategy focuses on materials, circularity, reducing environmental impact, repair, and extending product lifespan. Gucci also relies on its Circular Hub, its Gucci-Up and Scrap-less programs, as well as traceability and sourcing criteria.

Official French sources

  1. Kering – “Demna appointed Artistic Director of Gucci”. See the official Kering source
  2. Kering – “2026 Half-Year Results: Return to Growth, Improved Performance”. View Kering’s 2026 Half-Year Results
  3. Gucci – Gucci Equilibrium, Circular Vision and Impact Report 2025.View Gucci Equilibrium