“Remarkable growth” for Kering’s luxury business - leatherbiz: Leading Leatherbiz

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“Remarkable growth” for Kering’s luxury business

31/07/2017
Luxury group Kering has reported revenue of €7.3 billion for the first half of 2017. This represents an improvement of 26.5% compared to the same period of last year. 

The company said there was “remarkable growth” in revenue and earnings from its luxury activities. Revenue from this segment was €5 billion, 28.3% higher year-on-year.

This growth was led by “strong momentum” at the Gucci and Saint Laurent brands, which saw respective increases of 43.4% and 28.5% in revenue. 

Kering described the six-month performance of Bottega Veneta as “solid”. The brand saw a 2.0% increase in revenue. It said revenue from its other luxury brands was 10.1% higher than during the first half of 2016. This was partly due to “acceleration” at Balenciaga. 

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Kering launches online course in sustainable luxury fashion 28/02/2018
Leathergoods boost Kering in third quarter 26/10/2017
“Groundbreaking” agreement between Kering and Alibaba 04/08/2017
Kering signs up to innovation initiative 06/04/2017
Plan in place to “revitalise” Bottega Veneta 10/02/2017
Kering joins band of leathergoods groups reporting good growth 10/02/2017
Kering moves to secure supply of python skins 30/01/2017
Kering updates sustainability goals 26/01/2017
Expansion of French crocodile tannery to be completed in 2017 18/01/2017
Kering signs up to emissions initiative 16/12/2016
Kering to share sustainability methods with design schools 28/10/2016
Luxury brands lead growth at Kering 26/10/2016

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