Kering opened 132 stores in the fiscal year 2021, up from 52 store openings in 2020. In 2021, Kering opened nearly 60% of its new stores in the Asia Pacific region.
Kering, a French-based multinational company owns the luxury brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen, and Yves Saint Laurent. The increase in the number of stores was driven by the growth of the networks for brands like Yves Saint Laurent, Balenciaga, and Alexander McQueen.
As of December 31, 2021, Kering had 1,565 directly operated stores, nearly 52% of the total stores, or 815 stores are located in mature markets (Western Europe, North America, and Japan), and 750 stores in emerging markets. There were a total of 1,433 retail stores as of December 31, 2020.
Gucci, one of the pillar brands for Kering, generated nearly 55.2% of the total revenue for Kering in FY 2021. Gucci operates stores in 501 locations directly as of December 31, 2021, including 226 in mature markets. Whereas Yves Saint Laurent had 268 directly operated stores, Bottega Veneta had 263 directly operated stores, and Other Houses (directly operated 533 stores as of December 31, 2021).
Other Houses include brands such as Alexander McQueen, Balenciaga, Brioni, Boucheron, Pomellato, Qeelin, Sowind, and Ulysse Nardin.
Kering's fiscal year ends on December 31.
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