Gucci sales growth remains strong

Good results: A woman walks past a Gucci advertising poster in Hong Kong. Gucci’s fourth quarter was ‘remarkable’ in light of headwinds from political protests in Hong Kong and higher sales tax in Japan. — Reuters

PARIS: Gucci’s sales growth slowed down from the preceding quarter but managed to beat analysts estimate, as French luxury group Kering’s biggest brand shook off a slump in US sales.

Gucci’s fourth-quarter sales rose 10.5% on an organic basis to 2.64 billion euros (US$2.9bil), Kering said. Analysts had predicted 8.6% growth at the brand.