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Kering H1 profits grow 23 percent

By FashionUnited

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Kering reported its net profit for H1 increased on Thursday. Compared with the same period last year, revenues surged by 19 percent.

The company's net profit for H1 was 1,556.1 million euros, grew from 1,262.2 million euros a year earlier. Furthermore, revenues grew to 7,638.4 million euros.

Kering (EPA: KER), previously known as Pinault-Printemps-Redoute and PPR, is a French luxury conglomerate which develops a brand portfolio (luxury, sport & lifestyle divisions) distributed across the globe. The company was founded in 1963 by businessman François Pinault and is now run by his son François-Henri Pinault. Balenciaga, Brioni, Gucci, Puma and Yves Saint Laurent are brands in the Kering portfolio.

Financial Update
Kering