The owner of Gucci, Saint Laurent and Balenciaga has reported healthy growth in all of its brands across different geographic regions.
The post Kering Group Boasts Robust Growth For Its H1 Financial Results appeared first on LUXUO.

Image: Gucci

For the first half of 2021, the consolidated revenue of French luxury group Kering rose above expectations and amounted to ?7.708 billion. Comparing the same period last year and in 2019, the Group grew by 54.1 per cent and 8.4 per cent respectively according to a press statement released on Tuesday.

Despite the woes of the pandemic, brands under the Group still managed to rake in sales. The cash cow of Kering is undoubtedly still Gucci. The Italian fashion house?s revenue for the first half of 2021 was at ?4.47 billion, up by 45.8 per cent  ? meaning the figures returned to pre-pandemic level. Around 91 per cent of the sales generated were attributed to its directly operated stores.
 

 
 

 
 

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The numbers are not surprising seeing how Gucci has retained the number one spot as the hottest brand according to The Lyst Index for two consecutive quarters. Under Alessandro Michele, the creative director of Gucci, the brand continuously created buzz.
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