Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
Located at 225 West 57th Street at the base of Central Park Tower, the mega 320,000 square-foot store offers seven levels of retail space and will play host to a series of exclusive releases and collaborations.
Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong.
Sales growth at Kering slowed slightly in the third quarter, in line with expectations, as the luxury group offset some of the hit from turmoil in Hong Kong with strong spending by shoppers in other Asian markets.
The Italian footwear designer has licensed the production and worldwide distribution of his eponymous label to OLG, the Milanese subsidiary of Japanese group Onward Holdings, in order to concentrate on design work.
Boss has overhauled its Parisian flagship on the Champs-Elysées, adopting a new interiors concept. After over six months of renovation work, the German label now has a 1,226 m2 showcase mixing design and digital tech.