French luxury group Kering`s Q1 FY21 sales grow 21% to €3,890 mn

Fashion

French luxury group Kering`s Q1 FY21 sales grow 21% to €3,890 mn

21 Apr `21

2 min read

Kering SA, a French global luxury group, has posted 21.4 per cent revenue growth to €3,890.0 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of €3,203.2 million in the same period previous fiscal. The group’s online sales across regions continued to grow 108 per cent in the reported quarter.

 

Kering SA, a French global luxury group, has posted 21.4 per cent revenue growth to €3,890.0 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of €3,203.2 million in the same period previous fiscal. The group`s online sales across regions continued to grow 108 per cent in the reported quarter. #

“In the first quarter, Kering delivered a strong top-line performance, bouncing back above pre-pandemic levels. Growth was consistent across all our Houses, and we are particularly pleased with Gucci’s momentum as the brand kicks off its centennial celebration,” François-Henri Pinault, chairman and chief executive officer, said in a press release.

 

Kering SA, a French global luxury group, has posted 21.4 per cent revenue growth to €3,890.0 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of €3,203.2 million in the same period previous fiscal. The group`s online sales across regions continued to grow 108 per cent in the reported quarter. #

During Q1 FY21, Kering’s sales in North America increased 46 per cent, while Asia-Pacific sales jumped 83 per cent. However, sales performances in Western Europe plunged 34 per cent and Japan’s sales dipped 3 per cent. Rest of the world sales were up 24 per cent.

 

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