KER.PA - Kering SA
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 498.35 |
| Open | 503.60 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 488.45 - 503.60 |
| 52 Week Range | 427.55 - 603.60 |
| Volume | |
| Avg. Volume | 191,084 |
| Market Cap | 62.003B |
| Beta (5Y Monthly) | 1.11 |
| PE Ratio (TTM) | 16.88 |
| EPS (TTM) | 29.39 |
| Earnings Date | Jul 25, 2023 - Jul 31, 2023 |
| Forward Dividend & Yield | 14.00 (2.73%) |
| Ex-Dividend Date | May 02, 2023 |
| 1y Target Est | 645.30 |
Fair Value
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The Wall Street JournalEuropean Luxury Stocks Slipped This Week—Here's Why
European luxury stocks lost billions of euros in value this week. Prada fell 11%, while Hermès and [LVMH Moët Hennessy Louis Vuitton](https://www.wsj.com/market-data/quotes/LVMUY), which are considered the two safest bets in the industry, dipped 5%.
GlobeNewswireKering: Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) (May 2023)
Kering - Statement Number of Shares and voting rights - 05.15.2023 Kering Société anonyme with a capital of € 496,283,112 Head office : 40, rue de Sèvres – 75007 PARIS 552 075 020 RCS PARIS May 23, 2023 Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total Number of shares Total number of voting rights theoretical 1 Exercisable 2 May 15, 2023 124,070,778 177,092,014 175,316,281 1 Calculat
BloombergRichemont Boss Rupert Quashes Talk of Deals with LVMH or Kering
(Bloomberg) -- Johann Rupert, the controlling shareholder of Swiss luxury goods conglomerate Richemont, dismissed talk of a takeover by bigger rival LVMH or a combination with Kering SA.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It
- GlobeNewswire
Kering: Departure of Daniela Riccardi from Kering's Board of Directors
Press release - Departure of Daniela Riccardi from Kering's Board of Directors - April 27, 2023 PRESS RELEASE April 27, 2023 DEPARTURE OF DANIELA RICCARDI FROM KERING'S BOARD OF DIRECTORS At the Board of Directors meeting following the Annual General Meeting on Thursday, April 27, 2023, Daniela Riccardi submitted her resignation from her position as a Director of Kering. On his own behalf and on behalf of the Board of Directors, François-Henri Pinault warmly thanks Daniela Riccardi for her invol
- GlobeNewswire
Kering: Description of the share buyback program
Press Release Description of the Share Buyback Program 27042023 PRESS RELEASE 04.27.2023 DESCRIPTION OF THE SHARE BUYBACK PROGRAMAUTHORIZED BY THE COMBINED GENERAL SHAREHOLDERS’ MEETING OF APRIL 27, 2023 AND DELEGATION FROM THE BOARD OF DIRECTORS AT ITS MEETING OF APRIL 27, 2023 The General Shareholders’ Meeting of April 27,2023 renewed the authorization given to the Board to trade in the Company’s shares. The following description was prepared in accordance with Articles 241-1 and 241-2 of the
- GlobeNewswire
Kering: Annual General Meeting of April 27, 2023: Approval of all resolutions
Post-AGM press release - April 27, 2023 PRESS RELEASE April 27, 2023 ANNUAL GENERAL MEETING OF APRIL 27, 2023: APPROVAL OF ALL RESOLUTIONS Kering's Annual General Meeting was held on April 27, 2023, at the Group's head office, 40, rue de Sèvres, Paris 7e. Kering's shareholders approved all the resolutions submitted to their vote, including the distribution of a €14 per share cash dividend for 2022. An interim cash dividend of €4.50 per share was paid on January 18, 2023, pursuant to a decision m
ReutersKering sales edge up 1%, lagging rivals
Sales at French luxury group Kering rose by just 1% in the first quarter, as star label Gucci benefited less than rivals from a rebound in China and revenues fell sharply in the United States. Kering's sales came in at 5.08 billion euros ($5.58 billion)for the three months to end-March. The increase in comparable sales, which strip out the effect of currency fluctuations and acquisitions, was bang in line with analyst expectations.
- GlobeNewswire
Kering: First Quarter 2023 Revenue
Kering Press release Q1_25 04 23 PRESS RELEASE April 25, 2023 FIRST QUARTER 2023 REVENUE Group revenue: €5,077 millionUp 2% as reported and up 1% on a comparable basis “Kering’s performance in the first quarter remained mixed, as we had anticipated. As we work to augment the desirability of our brands and raise their profile in key markets, we are encouraged by the gradual improvement in activity month after month during the period. A host of initiatives undertaken by all our Houses to enhance t
ReutersLuxury industry under scrutiny as EU probes Gucci and others
MILAN/PARIS (Reuters) -Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators inspected Gucci's Milan headquarters this week as part of an investigation spanning several countries and companies. The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in multiple EU countries, but did not name the companies involved or specify the potential breaches it was investigating.
The Wall Street JournalGucci Offices Raided by Antitrust Authorities in Europe
The European Commission said it was probing whether several fashion companies had violated rules that “prohibit cartels and restrictive business practices.”
- GlobeNewswire
Kering: Press Release
Press release - Preliminary investigation EU PRESS RELEASE April 19, 2023 In the scope of an inspection carried out as part of a preliminary investigation into the fashion sector in several countries under EU antitrust rules, the European Commission has started on April 18, 2023, an inspection at the Italian premises of Gucci, a subsidiary of Kering. The Group is fully cooperating with the Commission in the context of this investigation. About Kering A global Luxury group, Kering manages the dev
ReutersExclusive-Gucci Milan site inspected in EU antitrust inquiry
MILAN/BRUSSELS (Reuters) -European Union antitrust regulators have started inspecting a facility of luxury goods company Gucci as part of an EU investigation spanning several countries, Gucci's French owner Kering said on Wednesday confirming a Reuters report. "The group is fully cooperating with the (European) Commission in the context of this investigation," Kering said in a statement. Reuters had previously reported that Italian tax police and European Commission agents on Tuesday inspected a Gucci site in Milan connected with the manufacture of travel items, handbags and other leather goods, according to two sources with knowledge of the matter.
- GlobeNewswire
Kering: Statement Number of Shares and voting rights - 04.15.2023
Kering - Statement Number of Shares and voting rights - 04.15.2023 KeringSociété anonyme with a capital of € 496,283,112Head office : 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS April 17, 2023 Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total Number ofshares Total number of voting rights theoretical 1 Exercisable 2 April 15, 2023 124,070,778 177,012,159 175,237,966 1 Calculat
- GlobeNewswire
Kering - Information regarding the arrangements for taking part in the Combined General Meeting of April 27, 2023 and conditions for obtaining or consulting the documents prepared for the meeting
PRESS RELEASE April 14, 2023 INFORMATION REGARDING THE ARRANGEMENTS FOR TAKING PART IN THE COMBINED GENERAL MEETING OF APRIL 27, 2023 AND CONDITIONS FOR OBTAINING OR CONSULTING THE DOCUMENTS PREPARED FOR THE MEETING Kering shareholders are invited to attend the Company’s Combined General Meeting to be held at 3 p.m. on Thursday, April 27, 2023 (Paris time) at Kering’s headquarters – 40 rue de Sèvres, 75007 Paris, France. The General Meeting will be held in the physical presence of the shareholde
- GlobeNewswire
Kering: 2022 Universal Registration Document (URD) available
Press_Release_2022_URD_available March 22, 2023 2022 UNIVERSAL REGISTRATION DOCUMENT AVAILABLE The 2022 Universal Registration Document was filed with the French Financial Markets Authority (AMF) in ESEF format (European Single Electronic Format) and in French version on Wednesday, March 22, 2023, under No D.23-0126. It is available to the public under current regulatory conditions and may be consulted on the www.kering.com website in French and in English (under the section: Finance / Regulated
- GlobeNewswire
Kering: Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) (March 2023)
Kering - Statement Number of Shares and voting rights - 03.15.2023 Kering Société anonyme with a capital of € 496,283,112 Head office : 40, rue de Sèvres – 75007 PARIS 552 075 020 RCS PARIS March 17, 2023 Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total Number of shares Total number of voting rights theoretical 1 Exercisable 2 March 15, 2023 124,070,778 177,012,194 175,235,251 1 Calc
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The Wall Street JournalBalenciaga Displays Restraint in First Fashion Show Since Child Ad Backlash
PARIS—Balenciaga’s creative designer Demna mounted a toned-down fashion show on Sunday in a bid to turn the page on consumer outrage that engulfed the brand over its portrayal of children in its ads. Company executives had touted the show, Demna’s first since the controversy erupted, as an important moment to reset the brand’s image. Demna rocketed to the heights of the fashion world in recent years with risqué designs and runway stunts.
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Kering: Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) (February 2023)
Kering - Statement Number of Shares and voting rights - 02.15.2023 Kering Société anonyme with a capital of € 496,283,112 Head office : 40, rue de Sèvres – 75007 PARIS 552 075 020 RCS PARIS February 21, 2023 Statement in compliance with article 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total Number of shares Total number of voting rights theoretical 1 Exercisable 2 February 15, 2023 124,070,778 176,993,019 175,218,826
- GlobeNewswire
Kering - Press release - Dual-tranche bond issue for a total amount of EUR 1.5 billion
Press release - Bond issue - February 2023 Kering has issued a dual-tranche bond for a total of EUR 1.5 billion, consisting of a EUR 750 million tranche with a 6-year maturity and a 3.25% coupon,and a EUR 750 million tranche with a 10-year maturity and a 3.375% coupon. The issue, in line with the Group’s active liquidity management, enables Kering to enhance its funding flexibility through refinancing of existing debt. The great success of this issue with investors underscores the market’s confi
ReutersGucci banks on private 'salons' for the ultra-rich to revive sales
PARIS (Reuters) -Gucci is banking on new ultra-high-end "salons" offering merchandise priced at up to $3 million to help narrow a widening gap with rival Louis Vuitton as it waits for its new creative director to arrive. Chasing after the ultra-rich whose fortunes are largely immune to economic turbulence, Gucci will stock the new private boutiques with some of its highest-end clothing, furniture and jewellery. "Nothing will cost less than $40,000, and it will go up to as much as $3 million for high jewellery," Kering boss Francois-Henri Pinault said this week.
Footwear NewsKering CEO: Gucci’s New Direction Will Return Brand to Growth, ‘Determined’ to Rebuild Trust in Balenciaga
Sales at French luxury group Kering increased in 2022 despite a double-digit slowdown at Gucci and a “difficult” December for Balenciaga.
ReutersKering to name 'brand safety' boss after Balenciaga ad uproar
PARIS (Reuters) -French luxury group Kering is creating a position at the group level to oversee "brand safety" after a backlash from a Balenciaga advertising campaign dented sales in the final weeks of 2022. A series of high-profile public relations embarrassments, including the split between Adidas and rapper and fashion designer Ye, formerly known as Kanye West, after he made antisemitic remarks online, has piled pressure on companies to protect their brands. Balenciaga drew fire last year after an advertising campaign featured imagery of children that critics said was disturbing and inappropriate, forcing Kering executives, including Balenciaga's creative director and CEO to apologise.