Kering Group's Latest Earnings Summary Gucci Performance Is Disappointing.

< p > recently, the luxury Kering (formerly PPR) group released the latest quarterly earnings report, showing that Kering revenue rose 1% in the first quarter, rising 3.1% to 2 billion 364 million 700 thousand euros under comparable circumstances, lower than the comparable revenue growth of 5-6% expected by analysts.

< /p >

< p > Saint Laurent increased 16.9% to 127 million 200 thousand euros in the first quarter, becoming the highest growth rate brand; Bottega Veneta revenue increased 5% to 229 million euros; Gucci income increased 2.1% to 865 million 900 thousand euros, and the growth slowed down, similar to that before Louis Vuitton growth.

In addition, 4% of Gucci's comparable revenue growth was less than 6% of analysts' expectations, while the mainland market said it had "high single digit" growth without specific data.

< /p >

< p > thus, the development momentum of Saint Laurent after its renaming has not been reduced, but it is also expected to become a new generation of luxury leader brand, while Bottega Veneta keeps a low profile style and steadily rises.

< /p >

< p > as for the past luxury brand, "big brother" Gucci is in great danger. Not only in the Chinese market but also because of the over exploitation of the brand, it leads to a great decline in style, and because of the big LOGO wind, it has lost the real high-end consumer group.

LADYMAX fashion net once reported that GUCCI has only half the revenue of GUCCI in the year of 2012, and in the first tier cities, it is facing the embarrassing position of "disgrace".

Even Jean-Marc Duplaix, chief financial officer of Kering, said no signs of improvement had been seen in the Chinese market.

< /p >