PARIS: Booming sales growth at French luxury group Kering got even faster in the first quarter, sending its shares to record highs, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga.
Kering shares surged early yesterday, and were up 6.7%, as the group’s sales bounce confirmed a rosy outlook for 2018 heralded by a strong first quarter performance at Louis Vuitton-owner LVMH.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!