UP

Gucci is cool again

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Gucci is cool again

The luxury and sportswear group Kering just announced its 2015 financial results, and one thing is certain: People are loving Gucci once more.

Kering said in its results statement that revenue in the fourth quarter jumped 16%, mainly because of the resurgence in popularity for its Gucci brand. Gucci sales rose 13% in the fourth quarter.

This is a pretty big deal for Kering because Gucci accounts for nearly two-thirds of its profit.

It added that shoppers in Western Europe and Japan were buying more. In fact, overall luxury goods revenue in Western Europe rose by 13%, and Japan posted a "third year of strong growth" with a 13.7% rise in sales.

Still, Bain & Company's 2014 China Luxury Market Study, which was released at the beginning of last year, showed that China's luxury-goods industry accounted for 29% of the global market. So being able to grow a luxury brand in this environment is a big deal.

"We are closely monitoring resource and capital allocation in order to bolster returns. I am confident that the work of our creative teams and the commitment of all our associates will enable us to extend our growth trajectory in 2016 and beyond.

Date
2016.02.20 / 12:45
Author
Axar.az
See also

Al-Sharaa meets EU's Kallas in Damascus

Morocco appoints first female prime minister

Tanker hit in Strait of Hormuz

Iran-Azerbaijan trade grows despite war

Russian serviceman detained in Armenia

Syria seeks EU role in reconstruction as EU pledges €51mn

Netanyahu warns of possible attacks ahead of Israeli election

Italy completes military withdrawal from Iraq

Rosatom sees no obstacles to Armenia plant extension

Ukrainian military losses updated on 1,679th day of war

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla