The new Lyst Index for Q3 shows that Daniel Lee’s appointment at Bottega Veneta was an inspired move for Kering with the label entering the hottest brands list for the first time, climbing 21 places in the ranking.
Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
Sales growth at Kering slowed slightly in the third quarter, in line with expectations, as the luxury group offset some of the hit from turmoil in Hong Kong with strong spending by shoppers in other Asian markets.
The British Fashion Council has released the shortlist for this year’s Fashion Awards, with Gucci, Bottega Veneta and Loewe leading the way with four nominations each. Winners will be announced on 2 December.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
Daniel Lee staged his second runway show for the famed Venetian house on Thursday night, building a set that riffed on the key essential of BV – intreccio leather – which the designer has revived as an object of cool.