Kering said sales increased by 14% in its third quarter, driven by strong results in Europe, although Gucci revenues lagged behind overall growth.
With the dollar strong in Europe and the Chinese market recovering from COVID-19 restrictions, luxury giants are disregarding concerns that the industry’s post-pandemic boom may cool.
With overall sales of 5.137 billion euros in the three months to September, Kering also benefited largely from that trend. Analysts had predicted a 12% increase on a comparable basis, which strips out currency fluctuations. However, Gucci’s sales grew by 9%, below a consensus forecast of 11%.
The label’s performance in China was “mixed” and “has yet to normalize,” said Kering’s finance chief Jean-Marc Duplaix. Following years of stellar growth, Gucci has underperformed rivals Louis Vuitton and Hermes in terms of its sales, which accounts for the bulk of profits at Kering. Too bad the turnover is not like Gucci’s collection this season, a double vision.
Within less than a month of announcing plans to restore tax-free shopping for international visitors, the British government has backed down. The return of tax-free shopping had been hailed by industry groups and luxury retailers as a way to boost tourism post-COVID-19 and help British luxury brands and retailers compete with their European counterparts.



There is a lot of buzz around Kering and its potential entry into the beauty industry. Does the French luxury conglomerate plan to bring back some of its activities? Is there a possibility of other beauty acquisitions?
Kanye West has not stopped talking about him since his arrival in Paris. The rapper first caused a sensation by opening the Balenciaga fashion show on Sunday, October 2. The next day, he organized his own fashion show for his brand Yeezy. Many stars have also made the trip including Anna Wintour, the god master of fashion. However, his show has caused controversy on social networks after images of him wearing a long-sleeved black top with the following message: “White Lives Matter” have made the rounds of the Web. A reference to the slogan “Black Lives Matter” which became viral on social networks and in the demonstrations after the death of the American George Floyd. The Internet users have expressed their anger towards Kanye West, including the famous model Gigi Hadid.

At the beginning of the show a thirteen year old aficionado tries to pass the security cordon, he gets a slap from a security guard and the MAN said: “I’ll educate you little fag”. Scary, No?
On Sunday afternoon, a downpour right around call time for Givenchy allowed attendees to learn about the absorbent quality of cork, the material covering their seating cubes.
After five years as Burberry’s chief creative officer, Riccardo Tisci is stepping down. His last show for the brand took place on Monday, after the London Fashion Week show had been rescheduled due to the funeral of the Queen. Tisci’s spot at the British heritage house will be filled by Daniel Lee, the former creative director of Bottega Veneta.



She launched her own brand, called Helsa, which she did in a very creative way, no?The former Victoria’s Secret Angel’s clothing line will debut on eBay and Fwrd’s official online store on Tuesday.


