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Gucci CEO Sees 2021 Sales in Line With 2019, Perhaps a Little Higher

Kering produced stellar second-quarter results, led by Gucci, whose revenue jumped by just over 86 percent on a comparable basis. Shutterstock.
Gucci CEO sees 2021 sales in line with 2019, perhaps a little higher. Shutterstock.

French luxury group Kering’s top brand Gucci expects 2021 revenues to be in line or “a little higher” than their 2019, pre-pandemic level, the label’s chief executive Marco Bizzarri said on Tuesday.

Gucci’s sales totalled €9.63 billion ($10.9 billion) at the end of 2019.

Speaking at the Pambianco fashion conference in Milan, Bizzarri also said Gucci, which last year cut the number of its fashion shows, would resume presenting its collections at the Milan fashion week in February and September 2022, with an additional show to be held in late spring.

By Silvia Aloisi; Editors: Benoit Van Overstraeten and Kirsten Donovan

Learn more:

Gucci Returns to Milan Fashion Week Calendar

Italy’s biggest luxury brand will show a mixed-gender collection in Milan in February, returning to an industry-organised fashion week for the first time in two years.

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