Kering's luxury houses report positive sales growth in Q3

Kering’s consolidated revenue in the third quarter totalled 3,717.7 million euros, down 4.3 percent as reported and 1.2 percent on a comparable basis. This performance, the company said, represents a sharp rebound compared with the year-on-year contraction of 43.5 percent as reported and 43.7 percent on a comparable basis posted in the second quarter of 2020. Revenue from the group’s houses amounted to 3,600.1 million euros in the quarter, down 4.7 percent as reported and 1.6 percent on a comparable basis.