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.
“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.
Rumours suggest LVMH mulling takeover of Richemont
Sales woes for Richemont in China
Richemont sees all-time high annual sales performance
Richemont celebrates strong opening quarter
Record-breaking revenue for LVMH
- Balenciaga Debuts $1,800 Trash Bag That 'Looks Exactly Like Hefty'
- Balenciaga's 'most expensive trash bag in the world' is $1,790
- The Best Ways to Find Women's Plus Size Clothing
- Internet Roasts Balenciaga Trash Bag For Being 'Most Expensive' Trash
- Balenciaga's Trash-Bag Pouch Inspires Social Media Reactions