Booming sales growth at French luxury group Kering got even faster in the first quarter, sending its shares to record highs, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga. Kering shares surged early on Wednesday, and were up 6.7 percent at 0750 GMT, as the group's sales bounce confirmed a rosy outlook for 2018 heralded by a strong first quarter performance at Louis Vuitton-owner LVMH. A recovery in spending by Chinese shoppers over the past 18 months has fuelled revenue rises for many top luxury players, especially conglomerates such as Kering and LVMH which have a wide range of brands. Source