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Kering’s Revenue Growth Thanks To Alessandro Michele & Gucci

By February 10, 2017Fashion News




Gucci Growth.

Gucci has been on the rise since Alessandro Michele became creative director two years ago, with people adorning Gucci shoes and embroidery almost everywhere.

Kering, the French luxury goods holding company, saw a 10.4% sales increase at the end of last year exceeding their predicted 7% growth. In the forth-quarter of 2016, Gucci saw their revenue rise by 21% almost doubling expectations, thanks to Alessandro Michele and his Snake Print Motif. Saint Laurent also saw growth for the sixth year in a row, with sales rising by more than 20%.

Share price of Kering has risen by 3% to €231.15, the companies best day performance so far.