There Is Still A Long Way To Go For The Revival Of Gucci.

French luxury goods giant Kering announced its third quarter earnings yesterday, thanks to the influx of tourists from Western Europe and Japan, and the total revenue of the group rose 12%.

But sales in China are still weak and spread to most of its brands, and sales in Hongkong and Macao have deteriorated.

However, it has to be said that the road to revival of Gucci is still difficult, and Gucci occupies 1/3 of the total revenue of Kai Yun group, according to the third quarter financial report.

Brand revenue fell 0.4%, driven by price cuts in the second quarter, and brand revenue increased by 4.6%.

In the three months ending September 30th, the group's total revenue was 2 billion 890 million euros (about 3 billion 230 million US dollars).

Excluding the effect of money, sales rose by 3.1%, higher than the 2.8% growth predicted by Luca Solca, general manager of Exane BNP Paribas, Paris's Securities Division.

He pointed out in a research report: "

Last week, the group broke the disappointing news of a series of luxury goods companies.

Jean-Marc Duplaix, chief financial officer of Kering group, said that global sales of Chinese consumers slowed down and spread to most brands in the third quarter, though the luxury sector remained positive this year.

He said to analysts on the telephone at the closing of the Paris Stock Exchange on Thursday: "the purchasing power of Europe and Japan has not fully offset the deterioration of Hongkong and Macao, and South Korea is because of the

There has been a brief drop in the impact.

By region, comparable sales in Western Europe increased by 29%, while Japan increased by 26%, but Asia Pacific and North America fell by 12% and 7% respectively.

The performance of the Chinese mainland is still negative, and sales increased only in the 1-7 day National Day golden week in October. But in general, the group did not see any significant improvement.

Franois-Henri Pinault, President and chief executive officer of Kering group, believes that the strong trend of travel to other regions and the momentum of direct sales for the luxury market have contributed to the extraordinary growth of Saint Laurent.

He added: "I look forward to the performance in the last three months of this year. We have confidence in the development potential of our brand and the ability of our group to maintain its growth trajectory."