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Gucci and YSL deliver exceptional annual growth

In 2018, luxury fashion labels Gucci and Saint Laurent recorded a +36.9% and +18.7% increase in revenues, respectively, compared with the previous year, while revenues for Bottega Veneta were down -3.4% on a comparable basis, pending the inaugural collections from the new Creative Director.

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YSL and Gucci boost Kering’s results

Good retail performance of Yes Saint Laurent and Gucci have contributed to Kering’s first-quarter revenue growth in 2016, while other brands of the luxury conglomerate have recorded contrasting performances in a uncertain environment.

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Luxury brands in jurisdiction battle

A US$12 million payment claim from Kering’s luxury brands, which include Gucci, YSL and Bottega Venetta, over the sale of counterfeit goods has led to a jurisdiction battle between a U.S court and the Bank of China.

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