Leather buoys Gucci and Bottega Veneta
29/10/2013
Gucci's sales were up 0.6%, buoyed by its leathergoods and footwear which “posted very solid results in directly operated stores”. Handbags were particularly robust, driven by the success of new no-logo leather lines.
Bottega Veneta posted solid growth, with leathergoods up 18%.
François-Henri Pinault, Kering’s CEO, said: "Kering posted another quarter of growth, propelled by the Luxury Division's strong performance, notably in our own store network. This performance underscores the strategic rationale of our multi-brand business model and the success of our diversification strategy in terms of geographical coverage, distribution channels and product categories.”
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