Editor Desk
Oct 26, 20161 min
Investors are just realizing what the fashion crowd has known for months: Gucci has got its groove back. Shares of Gucci's parent company Kering surged by as much as 10% in Paris on Wednesday after the company reported standout results in the latest quarter. Gucci, which is the company's biggest moneymaking division, reported third-quarter sales grew 18% from last year to €1.1 billion ($1.2 billion). Gucci's creative director Alessandro Michele, along with CEO Marco Bizzarri, are being credited for reviving the brand since taking their jobs in early 2015.