Home / Knowledge / News / Fashion / Kering Q3 revenues increase 3.4%
Kering Q3 revenues increase 3.4%
25
Oct '13
Kering posted third-quarter 2013 revenue of €2.5 billion, up 3.4% versus the same 2012 period based on comparable Group structure and exchange rates. Kering's revenue for the first nine months of the year was up 3.9% based on comparable Group structure and exchange rates.

The Luxury Division achieved further growth across all regions, with revenue up 5.6% in the quarter and up 7.1% in the first nine months of the year on a comparable basis. Fashion and Leather Goods sales advanced 6% during the quarter. The Sport & Lifestyle Division's revenue contracted slightly (down 0.9% on a comparable basis).

François-Henri Pinault, Chairman and Chief Executive Officer, commented: "Kering posted another quarter of growth, propelled by the Luxury Division's strong performance, notably in our own store network.

"This performance underscores the strategic rationale of our multi-brand business model and the success of our diversification strategy in terms of geographical coverage, distribution channels and product categories. Revenue generated by the Sport & Lifestyle Division contracted, in line with our forecast, impacted by the unfavorable consumer spending environment.

“A new management team has been appointed to radically transform Puma and restore the brand's powerful position. With very healthy gross margins in our luxury brands and continued tight control of our operating expenses, we remain confident in our performances for the year as a whole.”

Luxury Division

The Luxury Division reported a solid third-quarter performance with revenue growing by 6% on a comparable basis, fuelled by sales generated in its directly operated stores, up 8%. The Division's growth is evenly balanced between mature markets (up 5%) and emerging markets (up 7%). All key geographic areas recorded solid growth, with a particularly strong showing in Japan, where revenue jumped 14% on a comparable basis.

The Luxury Division's sales growth was fuelled by the buoyant performance of Fashion and Leather Goods, which advanced 6% during the period. As of September 30, 2013, the store network of the Luxury Division comprised 1,116 units, including 39 net new additions during the quarter and a further 53 directly operated stores following the integration of the Pomellato group.

Click here to read full result

Kering


Must ReadView All

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search