By  on July 27, 2017

PARIS — Kering continued to strongly outperform its luxury sector peers in the second quarter, boosted by another outstanding performance from Gucci that helped propel operating profit for its luxury activities to a record level in the first half.

And while Gucci accounts for more than a third of the group’s revenues, the French conglomerate said it has two more powerhouses waiting in the wings, with Saint Laurent and Balenciaga on track to reach revenues of 3 billion euros and 1 billion euros, respectively, in the medium-term.

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