The Kering-owned Italian luxury label had been declining since 2016, but in 2019 it started growing again under the aegis of creative director Daniel Lee, generating a revenue of €1.16 billion, up 5.3%.
At the presentation of the luxury group's annual results, boss François-Henri Pinault said there is no acquisition on the cards at the moment, the priority being ensuring the growth of Kering's own labels.
Luxury group Kering had a good year in 2019 and the final quarter was also strong. Its star brand Gucci outperformed, Saint Laurent continued to power ahead and Bottega Veneta’s recovery looked to be well established.
Off-White and Bottega Veneta are continuing to ride high in the latest version of The Lyst Index. The Q4 report from the high-end search engine showed that Off-White is again the "hottest brand on the planet”.
˝I wanted to restore Italian buon gusto,˝ explained Walter Chiapponi, the new creative director of Todʼs, as he unveiled his first ideas for the brand in an elaborate mock-up of a 1960s grand hotel bar.