Shares of Kering surged 5.5% on Tuesday after the French luxury goods giant reported better-than-expected fourth-quarter sales, despite a year-on-year decline in revenues. The stock has had a rough time at the bourses in the past few months.

The group is ramping up efforts to foster the growth of its fashion houses while prioritising actions to enhance efficiency.

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.