Kering reported strong jewellery sales during the first half of 2022, with “very solid performances” from the group’s Boucheron and Pomellato jewellery houses.
According to Kering, the solid performance of Boucheron and Pomellato is due to a recovery in North American and European markets, while Qeelin was affected by the health situation in China in the second quarter of this year.
Sales at Kering’s “other houses” segment — which includes jewellery and watches, as well as other fashion products — climbed 32 percent on a reported basis to EUR 1.96 billion ($1.99 billion) during the first six months. Same-store sales — at branches open at least a year — grew 29 percent. Profit from the segment surged 71 percent to a record EUR 337 million ($343.4 million) during the first half, contributing significantly to group earnings, the company noted.
Revenue for the Kering group, which owns Gucci and Yves Saint Laurent, rose 23 percent to EUR 9.93 billion ($10.12 billion), while profit was up 26 percent to EUR 2.82 billion ($2.87 billion).
02-08-2022
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