Gucci's Online Sales More Than Double
- Kering’s comparable sales rose 37 percent in first quarter
- Gucci designer Michele’s creations drawing young shoppers
Kering SA rose after the luxury company’s white-hot Gucci brand kept up its relentless growth pace at the start of the year, with online sales more than doubling in the first quarter.
The Paris-based company’s shares rose as much as 6.1 percent early Wednesday after it said comparable sales grew 37 percent in first quarter. Analysts had expected a 23 percent increase.