The Good Days Of Kai Yun Group CEO Bernard Arnault:Gucci And YSL Have Just Begun.

French luxury giant

The group's CEO Bernard Arnault said recently that despite its excellent performance in the first quarter, the group remained cautious about the whole year of 2017 and warned that the luxury market could usher in the biggest adjustment since the 2008 financial crisis.

It is France's luxury group Kering (Kai Yun) CEO Fran ois-Henri ois-Henri Pinault, but at the just concluded shareholders' meeting, it showed full confidence, especially for its star brand Gucci and Yves Saint Laurent (hereinafter referred to as YSL).

2016 fiscal year,

Sales increased by 6.9% to 12 billion 385 million euros, while the growth rates of Gucci and YSL were 12.3% and 25.3% respectively.

On Tuesday, Kai Yun group released the key financial data in the first quarter of fiscal year 2017, with a total sales volume of 3 billion 574 million euros, an increase of 31.2% over the same period, and an increase of 28.6% at the constant exchange rate, almost two times the analyst's expectation.

Sales of Gucci and YSL increased by 51.4% and 35.4% respectively.

Such a huge increase has raised the same question for many people: how long can such rapid growth last? At Thursday's shareholders' meeting, Pinault said:

There is still much room for growth, even faster.

Last year, we greatly improved the efficiency of our stores. We will continue to work hard this year.

We have found an opportunity to further enhance the overall performance by conducting a comprehensive and in-depth analysis of various regions, markets and commodity categories.

I believe we have found the right direction for development. "

Just over two years ago, Gucci's performance was still very low.

In 2014, Gucci's CEO Patrizio di Marco and creative director Frida Giannini both quit, and once served as Bottega Veneta CEO's Marco Marco, she took over the post, while the creative director's position was replaced by the chief designer of the brand.

Under the leadership of the new CEO and creative director, Gucci has carried out drastic reforms, renovated existing stores, increased investment in digital fields, and launched various new styles of products, which has successfully hit the best performance in the past 20 years in the first quarter of this year.

In addition to Gucci, CEO Francesca Bellettini, YSL, another flagship brand of Kai Yun group, also expressed optimism about its overall performance in 2017.

She said, "the new series of new creative director Anthony Vaccarello is very popular, especially for women's shoes and garments."

According to Pinault, according to the first quarter's performance, Kai Yun group's overall performance in 2017 will be excellent.

"At present, Gucci, YSL and Puma are doing very well. We will further consolidate the growth of operating margins," he said.

I have every confidence that the performance of Kai Yun group will be better.

Market as a whole. "

Shareholders seemed very satisfied with the performance of Pinault.

In the 2016 annual salary poll for the CEO paying 2 million 600 thousand euros, the support rate reached 88%.

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