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The global fashion business journal

Jun 15, 20244:02pm

Kering sales jump by 14.2% in the third quarter

The French luxury holding, owner of Gucci, Balenciaga or Bottega Veneta, had a revenue of 3.8 billion euros in the third quarter.

Oct 25, 2019 — 4:00pm
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Kering sales jump by 14.2% in the third quarter



Kering continues to boost its sales. The French luxury holding, owner of Gucci, Yves Saint Laurent, Balenciaga or Bottega Veneta, has finished the third quarter of the year with a revenue of 3.8 billion million euros, up 14.2% from he same period last year.


By brands, Gucci has increased its revenue by 10.7% in the third quarter, to 6.9 billion euros. Yves Saint Laurent and Bottega Veneta, meanwhile, have increased their revenue by 10.8% and 6.9% in the period.


The rest of the group’s brands, which include Balenciaga, Brioni, Pomellato or Alexander McQueen, amongst others, have increased their revenue by 16.3% in the period, powered by the strong growth of the watches and jewelry category. 


We are consolidating our growth trajectory, and carrying out continuous, targeted operating investments; we live in an increasingly complex world, but we are fully confident in our capacity to deliver sustained performances over time,” stated François-Henri Pinault, chairman and chief executive officer of the group. 

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