Kering Group Q3 revenues up 28.4 percent

with No Comments

Surging demand for Gucci’s accessories and colorful designs helped French parent Kering Group beat sales forecasts in the third quarter, as some of the luxury industry’s biggest companies ride a recovery in demand from Chinese consumers. Kering, which also houses … Read More

Gucci Isn’t the Only Brand Fuelling Growth at Kering

with No Comments

The luxury conglomerate’s growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent. PARIS, France — French luxury group Kering delivered a forecast-beating rise in first-half operating profit on … Read More

Gucci reports stellar 34% growth in sales in the first quarter of 2017

with No Comments

Kering Group reports first quarter revenues increase by 31.2% to €3.57bn, lifted by a 34% jump in sales. The growth was driven by double-digit increases across its product categories, including “ever-increasing demand for ready-to-wear and shoes”, as well as “excellent … Read More

Affluent Chinese favor Gucci handbags, footwear over brand peers: report

with No Comments

Handbags designed by Italy’s Gucci edged out French atelier Chanel as a must-have among affluent Chinese women, according to a survey conducted by RBC Capital Markets. Kering-owned Gucci has seen a resurgence of interest among fashionable affluents in part because … Read More