logo
  

Kering Q1 Sales Up 21%

French luxury goods company Kering SA (PPRUY.PK,PPRUF.PK) Tuesday reported first-quarter sales of continuing operations 3.89 billion euros, up 21.4 percent from 3.20 billion euros last year. On a comparable basis, sales were up 25.8 percent.

Revenue growth was well balanced across the Group, driven by good performances from all Houses. Among brands, Gucci sales rose 20.12 percent, Bottega Veneta rose 19.9 percent, Yves Saint Laurent gained 18.9 percent, and other houses rose 29.1 percent.

"In the first quarter, Kering delivered a strong topline performance, bouncing back above pre-pandemic levels. Growth was consistent across all our Houses, and we are particularly pleased with Gucci's momentum as the brand kicks off its centennial celebration. While 2021 should still face some impact from the health crisis, the strategy, positioning and creativity of our Houses will enable each one of them to thrive in today's environment," said François-Henri Pinault, Chairman and Chief Executive Officer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, said it is launching more options on WhatsApp to control their messages and how long they stick around, with default disappearing messages and multiple durations. The latest features are expected to bring more control and privacy on the popular messaging app. Delivery services company DoorDash has introduced ultra-fast grocery deliveries with DashMart in Chelsea, New York City. The company said it aims to deliver in 10-15 minutes and plans to expand its new service in select DoorDash grocery and convenience partners over the next year. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products. Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection.
RELATED NEWS
Follow RTT