Gucci's Quarterly Sales Rise 45%
11 monthes ago - By Hypebeast
After being named as the most-searched for brand on Lyst over 2017, the good news for Gucci has continued with strong fourth quarter results. The Italian label has posted a sales rise of 45% from the same period as last year, with the figures being the driving force behind parent company Kering recording its most profitable year on record.
The strong financial results for Kering are largely attributed to its success with young people, with brands including Gucci, Saint Laurent and Balenciaga all doing well with the under 35s. Speaking about this upturn in results, Kering's Chief Financial...
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Kering Net Profit Up 120% in 2017 as Gucci Sales Top 6 Billion Euros
11 monthes ago - By WWD
PARIS - Kering said group net profits soared 120 percent in 2017, driven by “spectacular” growth at Gucci and Yves Saint Laurent and a strong performance by Balenciaga, which was the group's fastest-growing brand in the fourth quarter.
The French conglomerate - whose stable also includes Bottega Veneta, Boucheron and Alexander McQueen - posted sales of 15.5 billion euros in 2017, up 27.2 percent on a comparable basis.
Revenues generated by Kering's luxury activities passed the 10-billion-euro mark for the first time, with Gucci topping 6 billion euros in sales over the period.
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