KERING IN ITALY: Marking the 25th anniversary of its presence in Italy as a luxury group, with the acquisition of Gucci in 1999, Kering shared on Monday its study conducted in partnership with leading Italian consultancy firm The European House – Ambrosetti.
Among the results, the study quantified Kering’s overall economic impact in Italy at 10.9 billion euros, equal to 0.6 percent of the country’s gross domestic product, listing 94,000 jobs and 49 sites for product development, manufacturing, logistics, laboratories and offices. More than 10 billion euros were generated in exports, equal to 1.7 percent of Italy’s total exports. The figures all refer to 2022 and consolidated revenues pertain to the Italian legal entities of the group, not retail sales.
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