Fashion > Luxury

Gucci's Meteoric Growth Is Slowing Ever So Slightly

1 month ago   |   By

Kering's announcement Tuesday that it would donate $100 million to Notre Dame reconstruction efforts was probably a good enough indication that the French luxury conglomerate is in a good financial position (even if rival LVMH subsequently promised to donate twice as much), but the release of its...
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Kering Sales Rise 21.9% in Q1 as Gucci Growth Rate Flattens

Kering Sales Rise 21.9% in Q1 as Gucci Growth Rate Flattens

1 month ago   |   By

PARIS - Kering's revenues grew 21.9 percent in the first quarter, despite a marked flattening in the growth rate at its star brand, Gucci, after several years of stratospheric increases.
Organic sales at Gucci were up 20 percent in the first quarter - down from the 28.1 percent jump posted in the previous quarter. This was in line with the consensus forecast of analysts, who expect a soft landing for the brand despite the planned introduction of new categories like makeup and high jewelry.
Kering, the owner of brands including Saint Laurent, Balenciaga and Alexander McQueen, said group...
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