Category: Gucci Fashion

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Gucci & Boucheron owner Get Into Trouble Because Of Shrinking Watch Sales

What calls for special attention is that sluggish sales of watches have left a blotch on luxury goods maker Kering’s copybook, with the owner of brands like Gucci and YSL revealing that watches were the only part of its portfolio that didn’t grow last year.

And that, the Paris-headquartered outfit said its watch brands were left to pay for soft demand and adverse currency effects in spite of its overall luxury goods business growing an impressive 16% to €7.8 billion (£6.1 billion) in 2015. read more