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Gucci helps Kering fashion strong sales growth

Reuters  |  PARIS 

By Sarah White and Pascale DenisPARIS (Reuters) - Kering, owner of the Gucci brand, reported better than expected sales growth in the fourth quarter and said 2018 should be another solid year as it refocuses on luxury and boosts other fashion labels including Balenciaga.Echoing rivals in the luxury goods industry including fellow French group LVMH, Kering benefited from a recovery in demand from Chinese consumers. Rising online sales also propelled growth last year, as did growing appetite from younger shoppers, whose enthusiasm for Italian fashion house Gucci's flamboyant style has made it ...

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First Published: Tue, February 13 2018. 20:13 IST
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