French fashion house Saint Laurent, owned by Kering Corporation, is set to double its revenue in three to five years. This has been reported Reuters with company reference.
Saint Laurent President and CEO Francesca Bellettini said the brand’s goal is to increase sales, which reached €3 billion in the long run from €1.2 billion recorded in 2016.
The company plans to increase its sales by opening more stores, developing eyewear, silk and jewelry lines, and investing in online platforms. At the same time, the company will give more freedom of movement to the managers of Saint Laurent’s local divisions and work for regular customers.
Western Europe accounted for 38% of sales in 2021, Asia-Pacific and North America each 23% and Japan 9%.
Saint Laurent is now the second most valuable brand in the Kering holding’s portfolio after Gucci. It accounts for 14% of sales in the luxury goods category.
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