Yves Saint Laurent news and archive

Kering: Q1 revenues improve marginally by 1 percent

In the first quarter of 2023, Kering Group’s revenue grew by 2 percent as reported and by 1 percent on a comparable basis to 5,077 million euros, with trends improving throughout the period. “Kering’s performance in the first quarter remained mixed, as we had anticipated. As we work to augment the desirability of our brands and raise their...

Retail

Kering splashes out 13 million pounds on London YSL store

Luxury conglomerate Kering has reportedly agreed to a “record” lease for a new Yves Saint Laurent store on Bond Street, London. The group splashed out a staggering 13 million pounds on the retail space, which is believed to have set a record rent for the UK, according to market sources for the Sunday Times. The property in question is a...

Business

Yves Saint Laurent files series of metaverse trademarks

Yves Saint Laurent has filed for a number of trademark applications hinting that the French luxury brand could be next in line to join the metaverse. According to the trademark applications, YSL is setting out to cover its name and logo within the realm of non-fungible token (NFT) and metaverse. The applications mainly centre around beauty and...

Culture

Museum of Lace and Fashion to host Yves Saint Laurent exhibition

The Museum of Lace and Fashion in Calais, France, is to host an exhibition dedicated to the work of French fashion designer Yves Saint Laurent, co-produced with the Yves Saint Laurent Museum in Paris. ‘Yves Saint Laurent: Transparencies’ will run at the Museum of Lace and Fashion from June 24 to November 12, 2023, before moving to the Yves Saint...

BusinessFeatured

Kering sales increase 14 percent, posts strong growth across labels

Kering Group revenue of 5,137 million euros was up 23 percent as reported and up 14 percent on a comparable basis in the third quarter of 2022. The company said in a release that versus the third quarter of 2019, comparable revenue was up 28 percent. Revenue in the company’s directly operated store network increased 19 percent on a comparable...

Business

Yves Saint Laurent Beauté announces Lil Nas X as US ambassador

Yves Saint Laurent (YSL) Beauté has announced that rapper and singer-songwriter Lil Nas X is to be its latest US brand ambassador. The announcement comes alongside a new campaign which sees the award-winning artist sport a shade of the brand’s newest lipstick, The Bold. The selection is part of YSL’s goal to remould beauty, with the duo’s values...

BusinessFeatured

Kering's H1 revenue and profit accelerate

Kering Group revenue in the first half of 2022 grew 23 percent as reported to 9,930 million euros and 16 percent on a comparable basis compared to the first six months of 2021. Group revenue also rose compared to the first half of 2019, up 28 percent on a comparable basis. In the second quarter of 2022, sales rose by 20 percent as reported and...

BusinessFeatured

Kering posts 27 percent sales growth

Kering Group revenue rose 27 percent as reported and 21 percent on a comparable basis in the first quarter. The company said, revenue from directly operated stores were up 23 percent on a comparable basis and up 32 percent relative to the same period in 2019. The company added that sales growth was supported by very strong momentum in Western...

BusinessFeatured

Gucci drives sales momentum at Kering

Luxury giant Kering achieved revenue of 17,645 million euros in 2021, up 35 percent on a comparable basis compared to 2020 and up 13 percent from 2019. Recurring operating income rose 60 percent relative to 2020 to reach 5,017 million euros, while recurring operating margin reached 28.4 percent. Net income attributable to the group was 3,176...

BusinessFeatured

Kering reports strong Q3 growth, but Gucci falls short of expectations

Kering has reported strong revenue growth in the third quarter of the year, despite its star brand Gucci falling short of analysts’ expectations. The French luxury group, which also owns brands Yves Saint Laurent and Bottega Veneta, reported revenue of 4.19 billion euros in the three months to the end of September, up 12.6 percent on a reported...

BusinessFeatured

Gucci drives surge in Kering sales as luxury continues to recover

French luxury group Kering has reported almost doubling revenue for the second quarter of the year amid strong Gucci sales as the luxury industry continues to recover from the pandemic. In the three months to June 30, comparable revenue at the group surged to 4.16 billion euros, up 95 percent from the prior year and 11.2 percent higher than 2019...

BusinessFeatured

Kering FY2020 revenues drop by 17.6 percent

Total revenue generated by Kering’s Houses in 2020 amounted to 12,676.6 million euros, down 17.6 percent reported and 16.5 percent on a comparable basis. The company said in a statement that while the health crisis and lockdown measures took a heavy toll on the Houses’ first-half sales (down 30.2 percent), the situation improved significantly in...