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Phenomenal Gucci +51.4%

Gucci

Kering has closed the first quarter of 2017 with consolidated revenues rising by 31.2% to Eur. 3.57 billion (+28.6% at a constant scope of consolidation). As explained in the official note, the performances across all the geographical areas (except for Japan) have been positive. Looking at the different segments, the Luxury sector’s assets have recorded an increase in the revenues by 34%, amounting to Eur. 2.4 billion (+31.6% at a constant scope of consolidation), while the Sports and Lifestyle sector has reported a +16.5% growth, totalling Eur. 1.06 billion (+14% at a constant scope).

 

The expansion of the Group luxury activities has been led by an increase of +51.4% in the turnover of Gucci, building on the success of its collections bearing the signature of Alessandro Michele: “The collections by Gucci – the official press release states – have confirmed their popularity in the quarter, with a double-digit growth for all the product categories, and an ever increasing appealing by the Ready-to-Wear and Footwear. The leather goods performance was also excellent”. 

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