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Apparel and accessories

Kering revenues fall to $6.3B, despite exponential ecommerce growth

July 28, 2020

Oscar-winning actor and activist Jane Fonda stars in Gucci's campaign for Off The Grid, the Kering-owned label's first line of sustainably made merchandise. Image courtesy of Gucci Gucci accounted for more than $3 billion of Kering’s H1 2020 revenues. Image courtesy of Gucci

 

By Luxury Daily News Service

French luxury group Kering saw its revenues plunge about 30 percent in the first half of 2020 to 5.378 billion euro, or $6.309 billion at current exchange, as fallout continues after the coronavirus pandemic led to widespread store closures and drastically reduced tourism amid global lockdowns.

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