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Gucci: strengthening fundamentals in a challenging year Gucci’s 2022 revenue amounted to €10.5 billion (up 8% as reported and up 1% on a comparable basis). Sales in the directly operated .spotlight on gucci 15.02.2023 5 strengthening the house’s fundamentals . The global personal luxury goods market, of which Gucci is a major player, has grown in value substantially in recent years, rising from 147 billion euros in 2009 to 362 billion . The House of Gucci had a strong finish to 2021, propelling Kering’s earnings to .1 billion, up 35.2% from the previous year.
Gucci's recurring operating income totaled €3.3 billion in 2023. The recurring operating margin was 33.1%, as investments in implementing the House’s strategy weighed on profitability.
Gucci: strengthening fundamentals in a challenging year Gucci’s 2022 revenue amounted to €10.5 billion (up 8% as reported and up 1% on a comparable basis). Sales in the directly operated retail network grew 1% on a comparable basis. Wholesale revenue was stable year-on-year. The global personal luxury goods market, of which Gucci is a major player, has grown in value substantially in recent years, rising from 147 billion euros in 2009 to 362 billion euros in 2023. The House of Gucci had a strong finish to 2021, propelling Kering’s earnings to .1 billion, up 35.2% from the previous year.Gucci's recurring operating income totaled €3.3 billion in 2023. The recurring operating margin was 33.1%, as investments in implementing the House’s strategy weighed on profitability.
spotlight on gucci 15.02.2023 5 strengthening the house’s fundamentals continuous elevation of brand image, product offering, client experience and distribution reinforced organization leveraging gucci’s stature and unique heritage in the world of luxury
French luxury group Kering has delivered strong fourth-quarter sales at its Gucci brand, a significant profit driver, as 100th anniversary events and a new collection attracted shoppers, showing. An acceleration at Gucci in the fourth quarter helped Kering achieve revenue growth of 35.2 percent in 2021, a 13 percent gain over 2019. Kering sales rose 1 per cent on a comparable basis in the first quarter of 2023 to €5 billion, as its largest house, Gucci, shows signs of a rebound. The brand posted a sales bump of 1 per cent on a comparable basis to €2.6 billion in the first quarter of 2023 after falling 14 per cent in the fourth quarter.
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Kering SA laid out ambitious targets for its biggest brand Gucci as the luxury conglomerate seeks to reboot the fashion house whose popularity among consumers has suffered since the pandemic. Gucci has found new impetus, enabling the Kering group to close 2021 in style. The Italian label, which by itself accounts for over half of the French luxury group’s revenue and for three quarters of its operating income, ended 2021 with a bang, recording a 31% revenue rise year-on-year to €9.73 billion, going back to its pre-pandemic levels.Gucci: strengthening fundamentals in a challenging year Gucci’s 2022 revenue amounted to €10.5 billion (up 8% as reported and up 1% on a comparable basis). Sales in the directly operated retail network grew 1% on a comparable basis. Wholesale revenue was stable year-on-year. The global personal luxury goods market, of which Gucci is a major player, has grown in value substantially in recent years, rising from 147 billion euros in 2009 to 362 billion euros in 2023.
The House of Gucci had a strong finish to 2021, propelling Kering’s earnings to .1 billion, up 35.2% from the previous year.
Gucci's recurring operating income totaled €3.3 billion in 2023. The recurring operating margin was 33.1%, as investments in implementing the House’s strategy weighed on profitability.spotlight on gucci 15.02.2023 5 strengthening the house’s fundamentals continuous elevation of brand image, product offering, client experience and distribution reinforced organization leveraging gucci’s stature and unique heritage in the world of luxury
French luxury group Kering has delivered strong fourth-quarter sales at its Gucci brand, a significant profit driver, as 100th anniversary events and a new collection attracted shoppers, showing. An acceleration at Gucci in the fourth quarter helped Kering achieve revenue growth of 35.2 percent in 2021, a 13 percent gain over 2019. Kering sales rose 1 per cent on a comparable basis in the first quarter of 2023 to €5 billion, as its largest house, Gucci, shows signs of a rebound. The brand posted a sales bump of 1 per cent on a comparable basis to €2.6 billion in the first quarter of 2023 after falling 14 per cent in the fourth quarter. Kering SA laid out ambitious targets for its biggest brand Gucci as the luxury conglomerate seeks to reboot the fashion house whose popularity among consumers has suffered since the pandemic.
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