Kering comparable luxury sales up 2.6pc in Q1
French conglomerate Kering’s luxury sales in the first quarter of 2016 were buoyed by Western Europe, Japan and emerging markets, as it managed growth in a challenging environment.
French conglomerate Kering’s luxury sales in the first quarter of 2016 were buoyed by Western Europe, Japan and emerging markets, as it managed growth in a challenging environment.
Luxury Daily’s live news from April 6 – Kering bolsters female presence on board of directors; Cadillac, CFDA partner to drive retail growth for emerging labels; Piaget prompts consumers to take Instagram’s Boomerang for a spin; St. Regis enters Malaysian market with all-suite resort.
Conglomerate Kering is nominating three women to its board of directors, a move that will bring the female ratio on the executive committee to 64 percent if approved.
Luxury Daily’s live news from March 21 – Galeries Lafayette builds on heritage for Paris flagship remodel; Kering opens debate to draw attention to cinematic inclusivity; Marriott, Starwood renew merger plans with updated agreement; Maserati celebrates Italian culture through Royal Academy of Arts alliance.
Kering is returning to the Festival de Cannes to explore the role of women in film and build awareness for the need for diversity within the industry.
French luxury conglomerate Kering Group is commemorating International Women’s Day on March 8 through its “We Are Women” campaign and by lending support to the United Nations.
Today in luxury marketing – France’s prestige perfumery sales fall 0.9pc in 2015; Kering rejects see now, buy now shows; Why Boston can’t build ultra-luxury condos fast enough; Porsche, Geely set deals for Internet-connected cars.
Luxury Daily’s live news from Feb. 19 – Kering’s consolidated revenue up 4.6pc in 2015; Tiffany behind-the-scenes documentary makes multichannel debut; Tesla gets fashion treatment in Neiman Marcus interview series; Mr Porter self-gifts essential items to commemorate fifth birthday.
In 2015, conglomerate Kering achieved 4.1 percent comparable growth in revenue from its luxury activities.
French conglomerate Kering Group is continuing its support of women through a collaborative effort with the Sundance Institute.