Kering’s revenue increased by 15% in 2015

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01-Mar-2016

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Kering reported revenue is increased by 15% growth in the nine months, ended on September 30, 2015. In the Luxury segment the group announced sales growth of 14.0%, lifted by the business momentum of directly operated stores. The increase was 4.6% on a comparable basis. Profit surged 32% to $774.7 million. Watches & Jewellery accounted for 10% of revenues, the retailer said. Apart from Watches – which were adversely affected by an unfavorable market environment; Luxury sales in total increased 16 percent to $8.75 billion. The comparable change was 4.1 percent.

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