The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
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.