Significant increase in jewellery sales for Kering
Kering’s jewellery and watch divisions recorded an 18 per cent increase in sales in 2022 according to recently published financial reporting.
The French multinational corporation oversees brands such as Boucheron, Pomellato, DoDo and Qeelin and reported $US4.16 billion ($AU6.09 billion) in sales.
A spokesperson for Kering noted an increase in full-year sales of 15 per cent while profit increased by 14 per cent to $US3.87 billion ($AU5.67 billion).
“Our jewellery houses once again achieved outstanding progress and reached significant milestones,” the statement reads.
“Boucheron posted firm, steady increases, while Pomellato continued to perform well in western Europe and Japan. Qeelin increased at a rapid pace.”
CEO François-Henri Pinault noted that many of Kering’s brands posted record revenue and contributed to higher total operating income in 2022.
He added: “In an environment that remains uncertain, I have no doubt that 2023 will be another year of success for our houses and of development for our group.”
Founded in 1963, Kering owns luxury fashion brands such as Gucci, Balenciaga, Bottega Veneta, and Alexander McQueen.
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