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.

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