After knowing the results (very good) for the conglomerate of companies of French luxury would be studying the possibility to manage of own way his lines of beauty. His net gains increased 34% in the first semester regarding the same period of the past year, Jean-François Palus, said that Kering was considering the possibility to purchase a space in the sector of the beauty of luxury.
Inside Kering, find signatures like Gucci, YSL and Balenciaga, and the business group devoted to the luxury already has realise of something that has turned into recurrent after the pandemic, and is that the sales of product of beauty of luxury have increased after the pandemic. Thus, the income of the group in the last three months until 30 June, increased 20% year-over-year until the 4970 million euros, what represents a rise of 12% with regard to the past year.
The success of Kering Eyewear
The reason by the which Kering, and Palus, the CEO of the company has been to see reflected in figures the success of the line of Kering Eyewear: "Regarding the beauty, is a natural extension of the territory of our marks, and at present operate under a model of licence. But our success with Kering Eyewear shows that we can create a lot of value for the marks when adopting some approaches disruptives and innovatives. The beauty is definitively an area where could contemplate some initiatives in the future and all the options are opened." With the results obtained in this line of business, is not for less than the company was raising again his strategy: from his start in 2015, reaches today the 3 billion of euros of total turnover accumulated.
In addition to these statements that made the executive, showed his dissatisfied surroundings to the management of Coty Inc, since it considered that it was not exploding of the all his business: "we Are quite frustrated by the speed to which is exploding this potential, that is absolutely enormous."
With the results obtained in this first-half of 2022, the company Kering is conscious that it could manage directly the lines of beauty of his own marks, as they carry it doing Chanel and Dior during long. Thus, Palus, has left clear that it is a door that does not close because it knows that the market of the beauty is a section, of which definitely, can take out a big profitability due to the fact that it heads to a wide public.