What’s next for Kering?

Kering’s sterling results released on Thursday show Gucci’s strength hasn’t declined, even if desirability is waning in some groups. With sales up 31 percent over last year, Gucci is still the strongest horse in the Kering stable, accounting for 60 percent of its revenue and approximately 70 percent of profits.

In its trading statement Kering said it is a major player in a fast-growing market, enjoying solid fundamentals and a balanced portfolio of complementary brands with strong potential. This is certainly true. Although lagging behind LVMH, Kering has come out of the pandemic stronger and more prominent compared to early 2020.