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Kering Sales Edge Up 1%, Lagging Rivals

The French luxury groups sees a small increase in sales, but it’s well below the growth of competitors.
Kering produced stellar second-quarter results, led by Gucci, whose revenue jumped by just over 86 percent on a comparable basis. Shutterstock.
Sales at French luxury group Kering rose by just 1 percent in the first quarter.

Sales at French luxury group Kering rose by just 1 percent in the first quarter, as star label Gucci benefited less than rivals from a rebound in China, and revenues fell sharply in the US.

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