PARIS — Kering said group net profits soared 120 percent in 2017, driven by “spectacular” growth at Gucci and Yves Saint Laurent and a strong performance by Balenciaga, which was the group’s fastest-growing brand in the fourth quarter.
The French conglomerate — whose stable also includes Bottega Veneta, Boucheron and Alexander McQueen — posted sales of 15.5 billion euros in 2017, up 27.2 percent on a comparable basis.
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit