Kering, the global luxury group that owns Gucci as part of its stable of brands that include Bottega Veneta, Saint Laurent, Balenciaga and Stella McCartney, has just announced a 26.4% increase in revenue for the first three quarters of 2017 over 2016, according to Forbes.com. The stellar performance is largely attributed to Gucci’s 44.5% surge for the first nine months of the year, contributing 39% to Kering’s corporate revenue.
The resurrection and rapid rise of arguably the most famous Italian fashion brand is a remarkable tale of change and fearlessness.
Anyone worth their weight in fashion cannot claim to be oblivious to how pervasive Gucci is on the current fashion landscape. Its popularity has been gaining momentum since Alessandro Michele came on board as creative director of the storied Italian house in early 2015. The -stratospheric heights to which he has led Gucci after a 180° turn in aesthetics is a truly remarkable success story.
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