Sales surge at Gucci leads to Kering doubling its profits

The French luxury and sportswear group that owns Gucci and Yves Saint Laurent has more than doubled its net profits. Kering Group has reported revenues of €15.5 billion in 2017, up 27.2 per cent on a like-for-like basis, while net profit leapt to €1.78 billion from €814 million the year before. Kering is chaired by…