Kering exceeds somewhat fourth quarter forecasts, but sales bcatatled gucci branded 24%

Strong French luxury goods Dry On Tuesday, the expected sales were better than sales in the fourth quarter, during the year, our Gucci’s main label demand was delayed.

Higher fashion group, Bottlega Veneta, Balenciaga and Alexander McQueen, has been a decline of 12% of the fourth quarter of 4.39 million euros ($ 4.52 million), before planned by Leg analysts. .

Gucci sales, almost half of the group’s revenue and 24% immersed in 24% in 1.92 trillion euros, compared to group losses, extending the group loss luxury label.

Year-to-year sales were also immersed from 12 to 17.19 million euros, an anticipated 17.09 trillion euros.

Annual operation operation amounted to 2.55 million euros, the review of the team’s review of the year, but almost half of the 4.75 trillion results achieved the previous year.

“In difficult years, we accelerated the transformation of some of our homes to strengthen the health and desirability of our brand health,” said in a statement.

“Our efforts must be maintained permanent and we are sure that we have guided to stabilize gestures, and gradually we will put our growth trajectory.”

French fashion houses Asia Pacific and North American sales made a small improvement in his Gucci, Yves Saint Laurent and Bottle Veneta brands, but did not give details about certain markets.

Kering is the latest European luxury group to report profit in recent weeks, as investors seek signs of revival in a delayed sector in consumers, especially in the Chinese key market.

In the last month, investors were spowwelmed It is slightly better than expected the whole year, from luxury grass Lvmh. The market put faith in a turn in the following sector Star results From the Cartier owner RichemontBut lasting weakness has been a higher divergence in LVMH fashion and leather goods and wines and spirits and spirits.

Kering, especially in front of Chinese consumer, has mainly been acute delay, Gucci fell from his star tag vogue.

On Thursday, the Fashion team announced the departure of Sabato de Sarno Great Gucci Design, since Gucci CEO Cantino entered last year, to revive the brand last year. Sarno minimalist designer was less than two years, after replacing Alessandro Michele, his maximalist design determined the brand in previous years.

De Sarno’s replacement will be announced “in time,” the company said in a statement.

Simone Ragazzi, on Monday investments, Kering said that Kering had a signal reset signal with a new design appointment, but the investors who were likely to be that they are legacy issues.

“It is expected to bet on the market for a long time. It is always a bit of a question mark,” CNBC said on a video call.

“The brand was getting used to the past ups and downs, because it is one of the most fashionable luxury groups,” he continued. “It’s hope that the new designer can decide the brand”.