Luxury Group Kering Back to Growth Path

Finance and Trade
19/02/2016 12:54

Fourth-quarter revenue for French luxury goods maker Kering SA beat analysts' estimates as the Gucci brand showed signs of a turnaround, according to a report by Bloomberg. The firm, previously known as PPR, reported an 8% rise in sales compared with a forecast by analysts of half that, with Gucci reporting its strongest results for three years. The firm reported high volumes of sales of jewelry in the quarter. Sales in Japan were strong – rising 14% last year – and compared starkly with results in Hong Kong and Macau which have been hit by lower numbers of visitors from Mainland China.