Luxury conglomerate Kering reported a 14% year-on-year drop in revenue for Q1 2025, totalling \u20ac3.88 billion, as sluggish retail traffic and macroeconomic headwinds weighed on most of its brands. However, the Group\u2019s jewellery houses\u2014Boucheron, Pomellato, and Qeelin\u2014were bright spots in an otherwise muted quarter.<\/p>\n
Boucheron delivered robust performance over a strong prior-year base, Pomellato posted an \u201cexcellent\u201d quarter buoyed by new additions to its popular Nudo line, and Qeelin recorded \u201coutstanding\u201d growth. These gains came as part of a wider jewellery division strategy focused on product innovation and expanding cultural relevance.<\/p>\n
Overall revenue for Kering\u2019s Other Houses, which includes its jewellery brands, declined 11%, but jewellery bucked the trend with consistent consumer demand and strategic development.<\/p>\n
While Gucci\u2019s sales slumped 25%, and other fashion brands struggled, the resilience of Kering\u2019s jewellery lines underscores their growing importance to the Group\u2019s long-term vision.<\/p>\n","protected":false},"excerpt":{"rendered":"
Luxury conglomerate Kering reported a 14% year-on-year drop in revenue for Q1 2025, totalling \u20ac3.88 billion, as sluggish retail traffic and macroeconomic headwinds weighed on most of its brands. However, the Group\u2019s jewellery houses\u2014Boucheron, Pomellato, and Qeelin\u2014were bright spots in an otherwise muted quarter. Boucheron delivered robust performance over a strong prior-year base, Pomellato posted…<\/p>\n","protected":false},"author":1,"featured_media":31192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-31191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n