Last year, Kering was in divestment mode (Puma, Stella McCartney, Christopher Kane), but the luxury group said it is ready to go ahead with new acquisitions in 2019, without however identifying its targets.
Gucci, the Italian fashion label driving revenue growth at French luxury group Kering, will branch into high end jewellery with a collection in June or July, Kering boss François-Henri Pinault said on Friday.
Pierre Bergé, the partner of Yves Saint Laurent who passed away last fall, must be turning in his grave. After Yves retired, he spent a decade predicting haute couture's demise. Instead it has rarely looked healthier.
Inter Parfums on Wednesday said that first-quarter net sales increased 20.1% to $171.8 million, despite a disappointing US sales dip. The fragrance distributor now predicts $665 million in total sales for 2018.