Jewelry Revenue Improves at Kering

Kering saw strong sales in its jewelry division in the fourth quarter, even as the group’s overall revenue slid.

Sales in Kering’s “other houses” category — which includes jewelry and watches as well as other fashion products — slipped 4% on a reported basis to EUR 789 million ($940.4 million) during the period, the French luxury conglomerate said Tuesday. Jewelry houses delivered solid growth overall, with Boucheron achieving double-digit expansion, Pomellato sustaining stable performance, DoDo gaining momentum, and Qeelin continuing to post robust results. However, group revenue in the fourth quarter was down 9% to EUR 3.91 billion ($4.64 billion), it added.

Revenue from “other houses” slipped 10% to EUR 2.9 billion ($3.46 billion) for the full year.

Group sales fell 13% in 2025 on a reported basis to EUR 14.68 billion ($17.5 billion). Profit for the full year plunged 89% to EUR 140 million ($166.5 million).

“The performance in 2025 does not reflect the group’s true potential. In the second half, we took decisive actions — strengthening the balance sheet, tightening costs, and making strategic choices that lay the foundations for our next chapter,” said Kering CEO Luca de Meo.

Image: A Boucheron store in Paris. (Shutterstock)