Gucci sales up 28% in Q4 2018


FILE PHOTO: A Gucci sign is seen outside a shop in Paris, France, December 18, 2017. REUTERS

PARIS: Kering’s Gucci label continued to outpace competitors in the fourth quarter, giving another signal that Chinese appetite for luxury goods remains healthy.

Fourth-quarter sales at Gucci rose 28% on an organic basis to €2.3bil (US$2.6bil), Paris-based Kering said. Analysts expected 27% growth.

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