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Kering posts strong Q3 growth across all houses

Lauretta Roberts
25 October 2019

Luxury conglomerate Kering has recorded a 14.2% uplift in consolidated revenue to €3.9bn in Q3 saying all houses performed strongly.

Gucci has settled into solid growth, after its initial meteoric rise under creative director Alessandro Michele, and was up 10.7% in quarter. Saint Laurent was up 10.8% while Bottega Veneta, which is now under the creative direction of British designer Daniel Lee, was up 6.8%.

"Other houses", which includes Balenciaga and Alexander McQueen, were up up 16.3%.

Chairman and CEO Francois-Henri Pinault said: "We achieved another strong quarter, and all our segments contributed to our solid top-line gain. Our progress, on top of considerable expansion in the past two years, is healthy and well balanced across all Houses.

"We are consolidating our growth trajectory, and carrying out continuous, targeted operating investments. We live in an increasingly complex world, but we are fully confident in our capacity."

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