Fashion

Kering Sales Increase Thanks to the Cult Fans of Balenciaga and Gucci

2017 was the fashion conglomerate’s most profitable year ever.

By
2,068 Hypes

Kering Sales Increase Thanks to the Cult Fans of Balenciaga and Gucci

2017 was the fashion conglomerate’s most profitable year ever.

We recently shared news of Kering‘s move to focus on luxury and earlier in the week, the French fashion conglomerate announced its 2017 earnings topped €10 billion EUR (approximately $12 billion USD) the company’s most profitable year according to The Times.

In a statement CEO and Chairman François-Henri Pinault Kering shared:

“All of our houses enjoy huge growth potential, rooted in their skills at reinventing codes, enhancing desirability through bold, creative visions, and thereby creating value. In a global environment that remains uncertain, we will not relax our vigilance, but we are confident that the complementary of our houses, our geographic footprint, the diversity of our customer base and the strengths of an integrated luxury group will enable us, this year again, to do much better than our markets.”

Journalist Christina Binkley shared on Twitter that earnings by Kering luxury brands BalenciagaGucci and Saint Laurent were up 120 percent in total. The high performance points to Alessandro Michele‘s revamp of Gucci, which continually proves to be a cult-favorite of millennials and Demna Gvasalia‘s appointment to Balenciaga.

Read Full Article

What to Read Next

Vaquera's Fall 2018 Collection Features a Collaboration With American Apparel
Fashion

Vaquera's Fall 2018 Collection Features a Collaboration With American Apparel

Filled with gaudy, head-turning pieces.
1,646 Hypes

Solange Knowles and Slick Woods Are the Faces of Mercedes-Benz's #WeWonder Initiative
Fashion

Solange Knowles and Slick Woods Are the Faces of Mercedes-Benz's #WeWonder Initiative

Introducing the global art industry changemakers.
860 Hypes

Eytys' Chunky Angel Sneaker Arrives in Minimal Hues
Footwear

Eytys' Chunky Angel Sneaker Arrives in Minimal Hues

Peep the two new colorways.
3,368 Hypes

The First Museum of Candy Is Opening This Summer
Food

The First Museum of Candy Is Opening This Summer

Take your sweet tooth to the next level.
2,823 Hypes

To Tinder or Not: Here are 8 Lessons We've Learned from Online Dating
Culture 

To Tinder or Not: Here are 8 Lessons We've Learned from Online Dating

We asked our readers about the good, the bad and the ugly of dating apps.
3,274 Hypes


More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the website running and to continue providing free news to our readers. We'd appreciate your support by whitelisting HYPEBAE on your ad blocker.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBAE ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBAE”.
  3. Refresh the HYPEBAE page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBAE page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBAE page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBAE page that you were viewing.