Kering (PPR) reports 6,4% sales growth for its luxury division in Q1
Kering (formerly PPR Group) reports a turnover of 2,4 billion euros for the first quarter of 2013, a 3,1% increase on the same period last year. Sales for Kering’s luxury division were up 6,4%, accross all geographical regions, especially the U.S. America and Japan , with fashion and leather goods advancing by 7%.
Kering’s best performing brand in the first quarter 2013 was Saint Laurent with a sales increase of 19%, followed by Bottega Veneta (+9%) and Gucci (+4%). The group’s Sport & lifestyle registered a decrease of 2,5%.
Gucci, the flagship brand of Kering reported a much lower sales increase than its direct competitors, Louis Vuitton and Hermes, while Bottega Veneta’s growth has also decreased compared to 2012.