News Snapshot:
Kering displays resilience thanks to Bottega Veneta’s success and US and Asian demand, says GlobalData Published on by Fiona Briggs in Retail News , Retailer News Following today’s release of Kering Q3 figures for 2019/20, Chloe Collins, senior retail analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite the COVID-19 crisis continuing to hit the luxury fashion industry hard, as a result of tourism restrictions and economic uncertainty, Kering has showcased impressive resilience. Revenue between July and September only declined by €166.9m to just over €3.7bn, trumping rival LVMH’s performance for the same period where revenue fell 7%...
