Gucci Drives Sales In­crease at Ker­ing

Footwear News - - INSIDER -

Lux­ury group Ker­ing — par­ent to brands in­clud­ing Saint Lau­rent and Ba­len­ci­aga — posted third-quar­ter sales of 3.4 bil­lion eu­ros ($3.9 bil­lion) last week, ex­ceed­ing an­a­lysts’ ex­pec­ta­tions and de­liv­er­ing growth of 27.6 per­cent. Gucci, a cash cow for the com­pany, sig­nif­i­cantly drove the in­crease with 2.1 bil­lion eu­ros in sales, rep­re­sent­ing a 35.1 per­cent boost and its sev­enth con­sec­u­tive quar­ter of huge gains.

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