For the third quarter of 2022 Kering’s revenue was up 14 per cent compared to the third quarter of 2021.

Revenue in the directly operated store network continued to grow at a rapid pace, up 19 per cent on a comparable basis. All regions posted growth.Momentum remained very strong in Western Europe, supported by both local customers and tourists, particularly from the US. Conversely, this factor weighed activity in North America itself. In Japan, revenue rose sharply.

Performance in Mainland China was mixed, impacting sales in Asia-Pacific, where overall trends posted a notable improvement. Wholesale revenue rose two per cent. Yves Saint Laurent’s revenue was up 30 per cent. Bottega Veneta’s revenue was up 14 per cent. Kering’s solid performances in the third quarter underscore the strength of the group. Kering delivered sharp top-line growth, both versus last year and from pre-pandemic levels. The ongoing focus on the exclusivity of its brands and on the quality of their distribution is yielding very positive results and reinforces their positioning in their key markets.

Kering is a global luxury group that manages the development of a series of renowned houses in fashion, leather goods and jewelry. By placing creativity at the heart of its strategy, Kering enables its houses to set new limits in terms of their creative expression while crafting tomorrow’s luxury in a sustainable and responsible way. Kering has more than 42,000 staff members.