French luxury group Kering reported a strong first-quarter performance in 2017, with high-end brands including Gucci and Boucheron contributing substantial growth. Consolidated revenues rose 31.2 percent to €3.57 billion (around US$3.89 billion), driven by double-digit growth across all product segments and geographic regions, except Japan, the group announced. Sales from the group’s watches and jewellery Read More →

Chinese conglomerate Gangtai Group has purchased an 85 percent stake in Italian jeweller Buccellati, a recent report revealed. Private equity firm Clessidra earlier acquired 67 percent of the jeweller in 2013. After the sale to Gangtai, Clessidra and the Buccellati family will retain a 15 percent stake in the brand, a report from Luxury Daily said. Marco Carotenuto, managing Read More →

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