By  on October 25, 2016

PARIS — Kering said it was confident of maintaining the momentum at its cash-cow Gucci brand after it helped propel a rise of 11.3 percent in the French conglomerate’s luxury activities in the third quarter — the segment’s highest quarterly organic sales growth rate in three years.

Gucci, which accounts for nearly two-thirds of Kering’s operating profit, continued to reap the benefits of the turnaround plan launched last year by its creative director Alessandro Michele and chief executive officer Marco Bizzarri to deliver a market-beating performance.

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