"A key market for the global luxury industry, China has a structural impetus for the industry's growth. Over the past years, Kering has strengthened communication with its teams and with local governments and partners to express our support and reaffirm our confidence in the Chinese luxury market," said Jean-Fran?ois Palus, managing director of Kering.

"We are committed to driving our Houses to achieve the group's strategic vision of modern luxury with a sustainable and responsible business model, and CIIE is a fantastic platform to showcase the exceptional creativity and unique know-how of our brands," he added.