RapNet


Rapaport News

 

Retail

 

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

Asian Demand Drives Kering Jewelry Growth

Boucheron owner sees 7% revenue increase for the division in 2018.
Feb 12, 2019 10:13 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Kering recorded robust sales in its jewelry-and-watch division in 2018, amid growing demand for its products in Asia.

Jewelry sales rose 7% to EUR 18 billion ($20.33 billion) at the French luxury group, which owns Boucheron, Pomellato and Qeelin. Timepiece sales remained solid, it added.

“The jewelry houses turned in a solid performance, and sales of the watches brands advanced for the second year in a row,” the company said Tuesday. “[Jewelry] was driven by strong demand in Asia, and the emergence of a younger client base.” 

Group sales jumped 26% to EUR 13.67 billion ($15.43 billion), including the company’s high-end labels such as Gucci, Bottega Veneta and Yves Saint Laurent. Profit more than doubled, reaching EUR 3.71 billion ($4.2 billion), versus EUR 1.79 billion ($2.02 billion) in the previous year.

Image: A Boucheron store on Old Bond Street in London. (Rapaport News)
Tags: Bottega Veneta, Bucheron, gucci, kering, Pomellato, Qeelin, Rapaport News, Yves Saint Laurent
Similar Articles
NRF SeptemberUS Consumer Spending Dips
Oct 17, 2019
US retail sales stalled between Augustand September, indicating that consumer...
Former Zales Vice Chairman Marvin Zale Dies
Chow Tai Fook Sales Slump
Costco Sells $220,000 Diamond Ring
LightboxLightbox to Debut at Bloomingdale’s, Reeds
Oct 15, 2019
De Beers will partner with two major retailers topromote Lightbox,...
LVMH Jewelry and Watch Revenue Jumps
NRF Predicts Rise in Holiday Sales
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