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French conglomerate Kering reported solid growth in the third quarter of the year, citing “outstanding performances” by all luxury houses, including its jewellery business.
Group revenue was up 12.2 per cent to €4.19 billion (around US$4.88 billion) from the same period last year and 10 per cent from Q3 2019.
Jewellery houses performed exceptionally, according to Kering. Boucheron’s new collections were “very well received,” resulting in robust growth, particularly in China and South Korea while Pomellato’s sales were steady. Qeelin achieved “particularly impressive growth” while watchmaking brands also recovered substantially.
“On the back of an excellent first half, Kering achieved a very solid third...
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