Kering's Gucci produces unexpected rebound in sales

Paris

GUCCI, the flagship brand of French luxury and sportswear group Kering, posted a 4.6 per cent rise in underlying second-quarter sales on Monday, marking a much-sooner-than-expected rebound under its new creative and management duo.

Kering finance director Jean-Marc Duplaix said the brand had benefited from strong demand from Chinese tourists in Japan and Western Europe, while Gucci's sales in China were boosted by discounted sales of its previous designer's collections.