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Kering
A deep dive into Balenciaga's alarming financial situation

Reading time 2 min

Balenciaga recorded a loss of €164m in 2025.
Balenciaga recorded a loss of €164m in 2025. © Photomontage by Glitz – Sources: Igor Zakirov (Alamy, imageBROKER)

The fashion house, which has been struggling to return to growth for several years, is now facing considerable losses year on year. Its latest results reveal skyrocketing debts, which are going to force Kering to inject fresh capital.

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