From the performance of each brand:
Sales of other brands increased significantly year-on-year, excluding exchange rate impact growth of 36.5%. This growth is driven by the sales of Balenciaga and Alexander McQueen.
Major initiatives of the Kering Group in the first half of 2018 included the termination of operations with Stella McCartney and Christopher Kane, selling the shares to the designers themselves. The sale of non-luxury brand PUMA，Volcom also terminated its business this year and the special dividend of the shares has been allocated to the shareholders to date as an equity company. These actions show that Kering Group has gradually simplified its brand composition in order to clarify its positioning of “pure luxury goods group”. Although the overall performance in the first half of the year was outstanding, it feels as if other brands had performed negatively compared to the main brands like GUCCI.
* All financial data are calculated on a comparable basis that excludes the impact of currency fluctuations
* 1 Euro = 1.1493 US Dollars conversion (as of August 10)