Kering experienced better-than-expected H1 21 results.
Overall, the figures were good. The slight miss at Bottega Veneta has been fully offset by the accelerated momentum at Gucci and the increased brand attractiveness of YSL. However, Gucci’s profitability was lagging behind LVMH’s strong deliveries on Monday. The increased investment in commercial events and the brand have weighed on the margin.
The accelerated top-line momentum across all brands and higher investments in brands should bear ....
28 Jul 2021
Offering an encouraging trajectory for the second quarter
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Offering an encouraging trajectory for the second quarter
Kering experienced better-than-expected H1 21 results.
Overall, the figures were good. The slight miss at Bottega Veneta has been fully offset by the accelerated momentum at Gucci and the increased brand attractiveness of YSL. However, Gucci’s profitability was lagging behind LVMH’s strong deliveries on Monday. The increased investment in commercial events and the brand have weighed on the margin.
The accelerated top-line momentum across all brands and higher investments in brands should bear ....