By  on February 13, 2018

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.

To continue reading this article...

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus