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Kering Reports Higher Jewelry Brand Sales
Oct 27, 2016 9:01 AM
By Rapaport News
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RAPAPORT... Luxury group Kering said sales at two key
jewelry brands increased in the third quarter boosted by new lines.
Jewlery brands Boucheron and Pomellato both
generated “double-digit” growth, the Paris-headquartered company reported.
“Boucheron performed well in both jewelry
and high jewelry thanks to new creative initiatives such as the 26 Vendôme
high jewelry collection unveiled during Paris Haute Couture Week in July,” the
retailer said.
However, Kering’s watch segment was “still
feeling the effects of a difficult market.”
Group revenue grew
10 percent on a reported basis to $3.48 billion (EUR 3.18 billion), or an
increase of 10.5 percent assuming a comparable structure and exchange rates. Sales
from luxury activities leapt 12 percent to $2.31 billion, or an 11 percent
comparable rise. |
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Tags:
26 Vendôme, boucheron, Jewelry, kering, Pomellato, Rapaport News
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