By
Reuters
Published
Aug 1, 2013
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Bottega Veneta says first half 2013 sales grew 12.9 percent

By
Reuters
Published
Aug 1, 2013

MILAN, Italy - Italian fashion brand Bottega Veneta, owned by French luxury group Kering, said on Thursday first-half sales rose 12.9 percent at constant currencies to 465.6 million euros ($618.24 million).

The maker of woven leather tote bags priced from around 5,000 euros said its 209 directly-operated stores accounted for approximately 82 percent of total sales in the first six months of 2013.

Bottega Veneta, Kering's second-largest luxury brand after Gucci, said recurring operating income was 146.5 million euros in the second quarter, equal to 31.5 percent of revenues.

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