Gucci gains a + 21.4% in the fourth quarter, Saint Laurent is close behind. Bad performances keep affecting Bottega Veneta

In the last quarter of 2016, the turnover of Gucci registered a + 21.4%: sales in stores went up by 28.2% recording an excellent performance of leather goods and footwear. After the good performances in the period from October to December confirms the term of excellence that Gucci has witnessed over the last year. Only in 2016, the brand led by the Bizzarri-Michele duo rose by 12.7%, from 3.8 billion euro in 2015 to 4.3 billion today. The result of Gucci and the satisfying performances of Yves Saint Laurent (+ 25.5%, 1.2 billion) allow the Kering group to compensate for Bottega Veneta losses which,  at current exchange rates,   in 2016 registered a -9.4% going from 1.28  to 1.17 billion euro. Overall, the Kering Group reported a total turnover of 12.3 billion euro (+ 8.1%) while the luxury sector registered an increase of 7.8%.

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