Luxury group Kering has reported full-year revenues for 2022 of €20 billion, an increase of 15% year on year.

All of the group’s brands posted record revenues, Kering said, but it added that the performance of the brands was “not up to our ambitious and potential” in every case. Some faced challenges towards the end of the year, but the group said it was confident it was pursuing the right strategy for the long term.

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