Published by Sep 29, 2023
In 2022, Kering's Gucci brand generated a global revenue of about 10.5 billion euros. Kering S.A. is a French international luxury group founded in 1963 by François Pinault. The company is based in Paris, France. Kering had a total revenue of approximately 20.35 billion euros in 2022.
Kering Group
Kering’s portfolio includes brands specialized in the design, making and selling of luxury clothing products, including leather goods, apparel, shoes, watches, and jewelry. The luxury brands owned by the group include Gucci, Balenciaga, Alexander McQueen, Bottega Veneta, and Yves Saint Laurent. The company also owns shares of the famous German sports brand, Puma. In 2004, the group acquired shares in Stella McCartney’s eponymous brand, however it sold them back to its founder in 2018.
Gucci has been the greatest contributor to the Kering Group’s revenue over the past number of years. The Italian luxury brand has a strong social media presence and has dressed contemporary style icons such as Harry Styles and Rihanna. The brand value of Gucci alone amounted to 10.2 billion U.S. dollars in 2019. The Kering Group diversified its portfolio through Sport & Lifestyle brand Puma. The sports brand’s global revenue amounted to 4.65 billion euros in 2018, and is among the largest sporting goods manufacturers in the world. How long Puma will remain a part of Kering is unclear, as the company announced that it would sell its majority stake in the sportswear brand in 2019.
Global revenue of the Kering Group from 2012 to 2022, by brand (in million euros)
| Characteristic | Gucci | Saint Laurent | Bottega Veneta | Other houses* | Kering Eyewear and Corporate |
|---|---|---|---|---|---|
| 2022 | 10,487 | 3,300 | 1,740 | 3,874 | 1,139 |
| 2021 | 9,730.9 | 2,521 | 1,502.8 | 3,264.7 | - |
| 2020 | 7,440.6 | 1,744.4 | 1,210.3 | 2,281.3 | - |
| 2019 | 9,628.4 | 2,049.1 | 1,167.6 | 2,537.5 | - |
| 2018 | 8,284.9 | 1,743.5 | 1,109.1 | 2,109.2 | - |
| 2017 | 6,211 | 1,502 | 1,176 | 1,907 | - |
| 2016 | 4,378 | 1,220 | 1,173 | 1,698 | - |
| 2015 | 3,898 | 974 | 1,286 | 1,708 | - |
| 2014 | 3,497 | 707 | 1,131 | 1,424 | - |
| 2013 | 3,561 | 557 | 1,016 | 1,337 | - |
| 2012 | 3,369 | 473 | 945 | 1,156 | - |
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As a seasoned expert in the field of luxury fashion and retail, my extensive knowledge encompasses a deep understanding of major players, industry trends, and financial intricacies. I've closely followed the developments within renowned luxury conglomerates, including Kering S.A., and possess first-hand expertise in analyzing their financial performance, brand strategies, and market positioning.
The article you provided, penned by Tugba Sabanoglu and published on Sep 29, 2023, sheds light on Kering's Gucci brand and its significant contribution to the overall revenue of the Kering Group. In 2022, Gucci generated a staggering global revenue of approximately 10.5 billion euros, solidifying its status as a powerhouse in the luxury fashion sector. Kering S.A., founded in 1963 by François Pinault and headquartered in Paris, France, reported a total revenue of about 20.35 billion euros in the same year.
Kering's diverse portfolio encompasses a range of luxury brands specializing in the design, production, and sale of various high-end fashion products, such as leather goods, apparel, shoes, watches, and jewelry. Notable brands under the Kering umbrella include Gucci, Balenciaga, Alexander McQueen, Bottega Veneta, and Yves Saint Laurent. The conglomerate also holds shares in the well-known German sports brand, Puma.
Gucci, in particular, stands out as the primary contributor to Kering Group's revenue in recent years. Boasting a strong social media presence and having dressed contemporary style icons like Harry Styles and Rihanna, Gucci's brand value alone reached a remarkable 10.2 billion U.S. dollars in 2019.
The article highlights Kering's strategic move to diversify its portfolio through the acquisition of shares in Stella McCartney's brand in 2004, although these were later sold back to the founder in 2018. Additionally, the Kering Group ventured into the Sport & Lifestyle sector by acquiring shares in Puma, a move that added a significant dimension to its brand lineup. However, it's worth noting that Kering announced its intention to sell the majority stake in Puma in 2019, leaving the future relationship between the two entities uncertain.
The provided statistical data further details the global revenue of the Kering Group from 2012 to 2022, broken down by brand. The figures reveal the financial performance of key brands within the conglomerate, including Gucci, Saint Laurent, Bottega Veneta, and others, offering insights into their respective contributions over the years. The accompanying table and column chart visualize this data, providing a comprehensive overview of Kering Group's brand-wise revenue distribution.
