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ET
Kering shows signs of improvement, though Gucci remains a drag on group performance, says GlobalData
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Retail Times
In Q2 the group saw its first comparable sales growth in a year rising 2%.
H1 revenue fell 8.9% to €2.7bnand 5% on a comparable basis, while in Q2 it declined 3.2% on a reported basis and 2% on a comparable basis.
Eyewear grew 4.8% to €965m, up 8% on a comparable basis thanks to product launches such as Lindberg Maui Jim and Valentino optics.
Asia-Pacific excluding Japan’s comparable sales stayed flat despite strong sales in South Korea which were offset by weakness in Mainland China.
Japan’s comparable sales rose 2% supported by tourists from the US and Europe taking advantage of the weakness of the yen.