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

British jets to keep flying over Poland until the end of year

Russia shoots down 59 Ukrainian drones

Trump posthumously awards Charlie Kirk Medal of Freedom

Israel to open Gaza’s Rafah Crossing

Trump threatens China Cooking Oil as payback for Soy Boycott

Zelensky teases major defense deal with European country

Power outage hits several districts of Kyiv

Trump: The US will disarm Hamas

4.0-magnitude earthquake hits Turkiye

Trump and Xi Jinping expected to meet at APEC Summit

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