By  on April 24, 2018

PARIS — As it prepares to formally complete its transition to a pure luxury player, Kering continues to beat the competition, with first-quarter sales powered by another “spectacular” performance at its cash-cow brand Gucci.

Revenues rose 27.1 percent to 3.11 billion euros during the period. Stripping out the impact of currency fluctuations, namely the strong euro, sales were up 36.5 percent. The group posted double-digit growth in all regions, led by North America and Asia-Pacific, while online sales more than doubled versus the same quarter last year.

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