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Gucci Sales Surge Past 2019 Level to Lead Kering Rebound
- Shares gain in Paris, after 24% rally since start of the year
- Kering follows LVMH, Richemont in posting solid results
Photographer: Wei Leng Tay/Bloomberg
Sales at Gucci soared above pre-pandemic levels as the Italian brand lures young shoppers with its social media campaigns and benefits from easing lockdown restrictions.
Gucci revenue jumped 86% on a comparable basis during the second quarter, owner Kering SA said in a statement Tuesday. That was above analysts’ estimates and pushed total group revenue up 11.2% from the corresponding period in 2019.