By  on February 12, 2019

PARIS — Kering maintained strong momentum in the fourth quarter, with revenues rising 24.5 percent even as the French luxury group’s cash cow brand, Gucci, saw organic sales normalize slightly after seven consecutive quarters of growth exceeding 35 percent.

Revenues at Gucci topped 8 billion euros in 2018, cementing its status as one of the world’s leading luxury brands, hot on the tail of Chanel and Louis Vuitton. Organic sales at the Italian brand rose 28.1 percent in the fourth quarter against high comparables, versus the 35.1 percent jump recorded in the previous quarter.

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