Kering Sales Rise 27.6% in Q3, Driven by Stellar Gucci Growth
25 days ago - By WWD
PARIS - Kering delivered another better-than-expected performance in the third quarter as its cash-cow Gucci brand continued to defy expectations of a slowdown, despite fears that Chinese consumers are tightening their belts as economic growth loses pace.
The parent of brands including Saint Laurent, Balenciaga and Boucheron said Tuesday that sales rose 27.6 percent to 3.40 billion euros in the three months to Sept. 30. This compared with a consensus forecast of 3.27 billion euros, according to analysts polled by FactSet.
Organic sales at Gucci jumped 35.1 percent to 2.1 billion euros in...
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Rise in own brand fashion sales at John Lewis
25 days ago - By Drapers
Own brand fashion sales at John Lewis and Partners rose by 5.6% last week, following the launch of new ranges.
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