27 Jan 2023
DiamondWorld Directory
Home |
Jewellery was a Strong Performer for Kering in First Half
Kering reported strong recovery, thanks to increase in demand in Asia
By: Diamond World News Service
Jul 29 2021 4:15PM
Reference: 25750  

Pomellato's flagship store in China

Kering-owned jewellery houses, all posted sharp rebounds with significant triple-digit increases across channels and geographies in Q2, Kering reported. 

Boucheron and Pomellato leveraged their recent successful expansion in Asia Pacific, Mainland China in particular. Qeelin also had a truly spectacular first half, tripling its H1 2019 revenue level. Revenue in watches was also up triple digits in the quarter.

Overall, retail showed a nice sequential acceleration in Q2, up 16% on a two-year stack, after a 6% increase in Q1. Wholesale and other revenue accounted for the other 18%. Wholesale was up 67%. This quarter in addition to low comps, the overall performance was supported by the great success of the collection, and high sell out generating reorders notably from the US, but also from Mainland.

Sales for the Kering group, which owns Gucci and Yves Saint Laurent, grew 50% to EUR 8.05 billion ($9.51 billion), while profit was up 135% to EUR 2.24 billion ($2.64 billion).

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32380
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10034
GJEPC Chairman Interview
Views: 28471
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39925
Promo for IJ Awards 2012 at NDTV Profit
Views: 57513
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69120
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22150
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51322
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53622
Member of:
Supporter of: