Kering: Q1 sales up 21.9%

(CercleFinance.com) - Kering has reported Q1 sales that are up 21.
9% at 3,785.3 million euros (+17.5% like-for-like).

Its subsidiary Gucci's sales reached 2,325.6 million euros over the quarter, up 24.6% as reported (+20.0% like-for-like). Sales at the group's directly operated store network rose by 20.3% like-for-like, with growth of 35.3% in Asia Pacific (like-for-like), 15.8% growth in Japan and 11.9% in Western Europe.

Meanwhile, Yves Saint Laurent's sales Q1 sales came in at 497.5 million euros, up 21.9% as reported (+17.5% like-for-like). However, Bottega Veneta's Q1 sales fell by 5% to 248.1 million euros (-8.9% like-for-like).



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