While analysts have questioned whether consumers might tire of Gucci’s distinct look, the brand's 49% jump in Q1 sales indicates otherwise. Still, comparisons against its stellar performance in 2017 are growing tougher.
French luxury conglomerate Kering scored a striking 27.1 percent growth in first quarter revenues, led by Gucci's near 40% explosion in sales. Problem child Bottega Veneta, however, suffered a further fall in revenues.
Kering's luxury labels may have boosted supply chain transparency but many luxury firms are falling short, Fashion Revolution claims. And the most transparent fashion labels of all? Sports giants Adidas and Reebok.