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| Gucci's sales jump 5% as new styles revive brand | Gucci's sales jump 5% as new styles revive brand |
| (35 minutes later) | |
| The luxury fashion brand Gucci saw a better-than-expected a 5% rise in sales for the final three months of 2015. | The luxury fashion brand Gucci saw a better-than-expected a 5% rise in sales for the final three months of 2015. |
| The upswing follows two years of falling sales at the Italian brand. | The upswing follows two years of falling sales at the Italian brand. |
| The improved performance, which helped boost French owner Kering's full-year results, is being attributed to the appointment of a new designer. | The improved performance, which helped boost French owner Kering's full-year results, is being attributed to the appointment of a new designer. |
| Across the year as a whole Kering's net profits rose by nearly 32% to 696m euros (3540m) compared to 2014. Sales were up by 4.6%. to 11.6bn euros (£9bn) | Across the year as a whole Kering's net profits rose by nearly 32% to 696m euros (3540m) compared to 2014. Sales were up by 4.6%. to 11.6bn euros (£9bn) |
| Last year, Gucci took on Alessandro Michele as its new creative director and the first collection fully designed by him has been on sale since autumn. | Last year, Gucci took on Alessandro Michele as its new creative director and the first collection fully designed by him has been on sale since autumn. |
| In a statement the company said the "brand's new creative vision" had been well-received and provided "fresh impetus." | In a statement the company said the "brand's new creative vision" had been well-received and provided "fresh impetus." |
| Kering's other brands also reported leaps in sales. Yves Saint Laurent's like for like sales were up by 27.4% in the last three months of the year, and Puma's rose by 11.7%. | Kering's other brands also reported leaps in sales. Yves Saint Laurent's like for like sales were up by 27.4% in the last three months of the year, and Puma's rose by 11.7%. |
| "Gucci has come in with a significant number of new styles that are starting to turn heads," according to Luca Solca, an analyst with Exane BNP Paribas. | "Gucci has come in with a significant number of new styles that are starting to turn heads," according to Luca Solca, an analyst with Exane BNP Paribas. |
| Kering's shares rose by 1.3% in Paris following the results announcement. |