We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Nov 14, 201912:16pm

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
Mds
Related topics
Save

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. 

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...