Kering Shares Surge as Gucci Sales Rebound on New Collection
- CEO Pinault says group can extend momentum into 2022, beyond
- Yves Saint Laurent outperforms all major Kering brands
Shoppers pass a Guccio Gucci SpA luxury clothing store in Prague, Czech Republic.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
Kering SA shares rose the most since 2020 after sales at Gucci, the luxury group’s biggest brand, blew past pre-pandemic levels on demand for its latest collection.
A 32% jump in comparable revenue at Gucci during the fourth quarter was almost twice the increase analysts expected. The stock rose as much as 7.9%.