Gucci fever boosts Kering's fourth-quarter sales growth
Overall revenues up 27.4 per cent year-on-year on strong bounceback in demand from Chinese consumers
Paris
LUXURY goods group Kering on Tuesday posted better-than-expected sales growth in the fourth quarter, as its Italian fashion label Gucci confirmed its status as one of the industry's star performers in 2017.
Along with peers in the luxury goods industry including French rival LVMH, Kering benefited from a strong bounceback in demand from Chinese consumers at home and overseas last year, while rising online sales have also propelled growth.
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