Chinese demand for luxury goods boosts Kering

on July 26 2013 | in Daily Headlines Trending | by | with No Comments

Strong sales of luxury goods in China and other emerging markets drove an increase in growth at Gucci owner Kering Group this spring. Underlying sales rose 5.2% in the three months to June, up from 3.3% in the previous quarter as the French company’s upmarket brands – including Yves Saint Laurent – were snapped up by shoppers in Asia and the US.

The Bottega Veneta brand was the fastest growing of Kering’s major luxury labels, where sales rose 17.2%…




Read more at The Guardian

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