Follow us


"Spectacular" growth at Gucci as Kering posts strong Q1 numbers

Lauretta Roberts
25 April 2018

Gucci sales were up by almost 50% in Q1 at €1.87bn contributing to a strong performance overall at parent group Kering.

The group achieved consolidated revenue of £3.1bn in the quarter, up 27.1%, with the flagship Italian house maintaining its position as the star performer under creative director Alessandro Michele.

Saint Laurent, under Anthony Vaccarello, was up 12% at £408.2m, while revenue from the "Other Houses", which include Alexander McQueen and Balenciaga (which was said to have achieved "exceptional momentum"), amounted to €463.3m, up 31%.

“Kering maintained its outstanding sales momentum in the first quarter. Under its new Luxury pure player profile, the Group clearly outperformed a market that remains well oriented. Gucci, Saint Laurent and Balenciaga set a high mark within a Group that delivered sharp growth as a whole," commented chairman & CEO François-Henri Pinault.

"In the balance of the year, we face a high base of comparison and a tough currency environment, but we are confident in the ability of our Houses to continue doing better than their peers, leveraging their innovativeness and creative audacity," he added.

Read More
John Lewis to become first UK...
Tom Bottomley
10 June 2021
1 2 3 2,575
Free Newsletter