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Kering shares rise on Q3 sales beat, Lafayette Plug and Play accelerator welcomes Richemont Group as a partner and the other news of the day

Kering shares rise on Q3 sales beat, Lafayette Plug and Play accelerator welcomes Richemont Group as a partner and the other news of the day

Kering shares rise after Gucci beats sales view. On its side, the start-up accelerator Lafayette Plug and Play welcomes the Richemont Group as a partner. And the other unmissable news.  

Press Review

Rising results at Kering, with Gucci on top

Gucci store in Kuala Lumpur @Gucci

Kering just revealed its statistics for the third quarter 2018 and its in half hue.

The Group sees its turnover low of 13% to reach 3,4 Billion euros, especially explained by the holding of the brands Puma, Volcom and Stella McCartney, sold earlier this year.

However, Gucci, goes on top with a progression of 35% at the third quarter against 25% attempted.

Balenciaga follows the example with a progression of 50%, carried by the succès of its shoes and its offset ready to wear, which will take it to finally reach 1 billion turnover soon. On its side, Saint Laurent continues to grow with +16% after a growth of +20% 7 years during.

It is encouraging for Kering, which realised a turnover estimed of 15,5 billion euros last year, focusing on Gucci. The Groupe wants to make Gucci the first international luxury brand, before Louis Vuitton.


Richemont, new partner of the start-up’s accelerator of the Galeries Lafayette

Lafayette Plug and Play

Richemont joined the numerous brands that encourages innovations, via the plate-forme Lafayette Plug and Play, dedicated to trade and fashion.

The Group wants to innovate in theses activities et put in place an omnicanal business model. It wants to encourage the dialogue between start-ups et the brands he owns, developing an exchange of innovating solutions, focus on the client and adapted to luxury business.

 “We are prof to welcome Richemont as a partner, to the side of groups Maus Frères, Carrefour, Camaïeu, C&A, Kiabi. The partnership with this prestigious group shows again the relevance of our model and reinforce our eco-system of innovations, so that we, the start-ups and the companies, could transform the retail’s sector” declared Lafayette Plug and Play


A new e-shop for BHV

New BHV website

BHV just launched officially its new e-shop, after testing it last.

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It contains 50 000 references and at least 750 brands, but it wants to get to 70 000 references by the end of the year.

BHV would like to generate 10% of its turnover on its website and attract 1,5 million single visitor per month.

The platform reunite fashion, decoration as well as DIY and leisure that you can find in store. But also other labels, in their own marketplace, enlarging its universe.

The website also allow the non resident of Ile-de-France, to access to the products, regarding that two of the Lyon region’s stores have been closed lately. The goal is to reopen in the future, many stores in all France.


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