Kering noted strong sales in its jewelry-and-watch division in the first quarter, amid growing Asian demand and a positive reception at the Salon International de la Haute Horlogerie (SIHH) fair in Geneva.
“Jewelry delivered solid growth, thanks in particular to the success of creations by Boucheron, Qeelin and Pomellato,” the company said last week. New watch modelsthe retailer unveiled at the January trade show also proved popular, it added
Sales at Kering’s “other houses” segment climbed 25% on a reported basis, and 22% on a comparable basis — at stores open during the same period last year — to EUR 576.9 million ($648.8 million) in the first quarter. The division incorporates jewelry and watches, as well as other fashion products. Group sales, including the company’s high-end labels, such as Gucci and Yves Saint Laurent, jumped 22% to EUR 3.79 billion ($4.26 billion), and 18% on a comparable basis.
More about Kering
Kering’s identity is the product of a rich and diverse history, driven by the exceptional heritage of the Houses that make up the Group and by the natural links between Art, Culture, and Heritage.
Since its creation in 1963, the Group has continually developed and evolved, ultimately becoming a pure player in Luxury in 2018. Kering is still growing today thanks to the expertise and inspiration of the Houses and the boldly creative and authentic worlds they have fashioned over more than two centuries. Kering’s identity today is the result of this unique history.
In Breton KER means home; the suffix -ing expresses the action.
Pronunciation ‘CARING’ for people and for the planet.
It’s emblem is an OWL, symbol of wisdom, protection and vision.
