Loading...
Skip to Content
Home  Blog  Jewelry a Standout for Kering in First Half

Jewelry a Standout for Kering in First Half

  • Blog-images/49171479443_303.png
LEAH MEIROVICH • 30-07-2023

Kering reported “excellent momentum” for its jewelry sales during the first half of 2023, led by a recovery in Asia Pacific.

The group’s Boucheron, Pomellato and Qeelin jewelry houses delivered “strong growth,” with sales “significantly improving” between the first and second quarters, Kering reported last week. All three achieved double-digit growth, the company noted.

The rise for the category came amid a drop in revenue for the “other houses” segment — which includes jewelry and watches, as well as other fashion products. Sales for the division fell 5% on a reported basis to EUR 1.86 billion ($2.05 billion) during the first six months. Same-store sales — at branches open at least a year — also slipped 5%. Profit declined 34% to EUR 224 million ($247 million).

Revenue for the Kering group, which owns fashion brands Gucci and Yves Saint Laurent, rose 2% to EUR 10.14 billion ($11.17 billion), while profit dipped 3% to EUR 2.74 billion ($3.02 billion).

RELATED READING

Kering Reports ‘Outstanding’ Year for Jewelry

 

 

srcset=https://rapaport.com/wp-content/uploads/2023/07/Boucheron-store-London-Kering-credit-Shutterstock-1024x577-2.jpg

Main image: A Pomellato store in Singapore. (Shutterstock)

Latest posts

Leave a comment

6/1469, "Jaykar House", Kansara Sheri, Mahidharpura, Surat - 395003, Gujarat, India.
+91 9825132931, 0261 2400200-2400300
+91 98250 22931
inquiry@jaykar.co.in
Jaykar House is a Centre for excellence in job work industry which is situated and established their business in the best suitable location in surat city, Surat city is a place where out of 10 diamonds around the world, 9 diamonds are processed from rough to polished over here.