Agenda-setting intelligence, analysis and advice for the global fashion community.

Kering Sales Beat Estimates on Gucci Turnaround, Surging YSL and Balenciaga

‘Mission accomplished’ at the French group as flagship label Gucci’s sales climbed back above 2019 levels, a key milestone in its recovery from the pandemic.

Physical retail remains vital to Chinese luxury fashion consumers of all ages. — Shoppers line up at a Gucci store in China. Getty. (Getty Images)

Robert Williams

17 February 2022

Italian fashion giant Gucci’s revenues climbed back above 2019′s pre-pandemic levels, Paris-based owner Kering said as it reported sales and profit Thursday. It’s a key milestone in the group’s turnaround after years of explosive growth at the flagship brand (helmed by designer Alessandro Michele and CEO Marco Bizzarri) came crashing down during the pandemic.

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