Earnings

Kering’s Pinault confident on Gucci’s growth, as group revenues up 35%

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A row of Gucci “Soho” bags are reflected in a glass display shelf inside a Gucci store in Rome.

Alessia Pierdomenico | Bloomberg | Getty Images

LONDON — The chief executive of French luxury group Kering expects fashion label Gucci to continue to deliver growth for the company this year, following record revenues in 2021.

Speaking to CNBC on Thursday, Francois-Henri Pinault said the fourth quarter for Gucci had been “brilliant.” Parent company Kering reported that the iconic fashion label had delivered revenues of 9.7 billion euros ($11.02 billion), up 31% on 2020.

Kering released its 2021 full-year results on Thursday morning, reporting that revenues had jumped to 17.7 billion euros,…



Source cnbc.com

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