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Luxury conglomerate Kering reported an “exceptional” year for its jewellery businesses on the back of strong consumer sales and market expansions. Overall revenues from last year well exceeded 2019 levels, the company said.
Group revenues were up a record 35 per cent to EUR17.65 billion (around US$20 billion) from 2020 and 13 per cent from 2019, thanks to outstanding performances from all luxury houses. Kering’s “Other Houses,” jewellers included, generated 2021 revenues of EUR3.26 billion (around US$3.7 billion), a 43 per cent increase from 2020.
“All jewellery houses had an exceptional year: Boucheron enjoyed success in new markets, Pomellato continued to grow...
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