German fashion house Hugo Boss reported strong quarterly sales growth in China and the United States on Wednesday but saw a decline in its home market and for its Hugo brand that it is updating for younger consumers.
Swiss group Richemont, owner of the Cartier, Piaget and Chloé brands, among others, and the third largest luxury group in the world, has reworked the management of its watch brands Jaeger-LeCoultre and Baume & Mercier.
While analysts have questioned whether consumers might tire of Gucci’s distinct look, the brand's 49% jump in Q1 sales indicates otherwise. Still, comparisons against its stellar performance in 2017 are growing tougher.
Kering shares rose to record highs on Wednesday after booming Q1 sales growth at the French luxury company, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga.
On Tuesday, the luxury group opened the Thélios production site for its joint venture with Marcolin, a partnership which began with Céline's eyewear collections, and still has those of Loewe and Fred in the pipeline.