Gucci Limited, the UK subsidiary of Kering-owned Gucci, reported continued decline in 2024 financial results. The company’s turnover fell to 147.34 million euros ($187 million), down from 184.64 million euros ($234 million) in 2023. Operating profit dropped to 9.44 million euros ($12 million) from 10.94 million euros ($13.9 million), while pre-tax profit declined to 3.7 million euros ($4.7 million) from 4.89 million euros ($6.2 million). However, gross profit margin improved to 66.1%, up from 62.2% in 2023. Directors stated they were “comfortable” with the performance.