RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Kering Jewelry Growth Solid in 1H

Watch demand continues to improve, says owner of Girard-Perregaux and Boucheron.
Jul 29, 2018 8:11 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Kering, which owns high-fashion houses such as Gucci and Yves Saint Laurent, reported solid growth in its jewelry and watch divisions in the first half of 2018, driven by increased sales in Asia Pacific and North America.

“Accessories, jewelry, and, to a certain extent, ready-to-wear, fared well, and business levels for watches continued to steadily improve within a market that is still convalescing,” the luxury retailer said last week.

The recovery in watch sales — which began in the second half of 2017 — continued in the six months ending June 30, with a high year-on-year increase, the company added.

Total sales across all divisions climbed 34% to $7.24 billion (EUR 6.21 billion) for the first six months of the year.

Revenue from houses other than Gucci, Yves Saint Laurent and Bottega Veneta jumped 37% to $1.16 billion (EUR 995.5 million). Those sales include jewelry and watch brands such as Boucheron, Pomellato and Qeelin, as well as couture and leather goods, ready-to-wear and shoes.

Image: Boucheron
Tags: boucheron, gucci, kering, Pomellato, Qeelin, Rapaport News, Yves Saint Laurent
Similar Articles
Zales store in Wesley Chapel, FloridaStrong Holiday Lifts Signet to 4Q Profit
Mar 26, 2020
Signet Jewelers returned to profit in the fourth fiscal quarter and...
Jewelry Groups Urge Govt. to Support Retailers
More Jewelers Close Up Shop Due to COVID-19
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us