RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

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

Kering Posts Strong Jewelry Performance

New collections and extended lines from Boucheron, Pomellato and Qeelin drive growth.
Oct 25, 2018 4:08 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Kering noted solid sales in its jewelry-and-watch division in the third quarter amid a sharp increase in the luxury retailer’s group sales.

“Watches and jewelry posted solid revenue growth,” the company said Wednesday. “New collections and extended iconic lines from Boucheron, Pomellato and Qeelin were very well received. Watches achieved a robust performance, driven by innovation and outstanding craftsmanship.”

Sales at Kering’s “other houses” segment — which includes jewelry and watches, as well as other fashion products — climbed 32% to EUR 516.4 million ($588.5 million) during the quarter. Group sales jumped 28% to EUR 3.4 billion ($3.88 billion), including the company’s high-end labels such as Gucci and Yves Saint Laurent.

Image: Pomellato store, Rodeo Drive, Beverly Hills. (Pomellato)
Tags: boucheron, gucci, kering, Pomellato, Qeelin, Rapaport News, Yves Saint Laurent
Similar Articles
EnzoChow Tai Fook Buys Chinese Retailer Enzo
Jan 19, 2020
Chow Tai Fook has acquired Enzo Jewelry, a colored-gemstone brand...
Robust Jewelry Sales Boost Richemont
Signet Raises Forecast Following Strong Holiday
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