|Bid||151.00 x 2500|
|Ask||0.00 x 4200|
|Day's Range||381.90 - 387.50|
|52 Week Range||231.35 - 417.40|
|PE Ratio (TTM)||26.95|
|Forward Dividend & Yield||6.00 (1.57%)|
|1y Target Est||N/A|
Gucci-owner Kering posts better-than-expected sales growth in the fourth quarter and said 2018 should be another solid year as the French group refocuses its business solely on luxury. Laura Frykberg reports
Feb.13 -- Kering CEO Francois-Henri Pinault discusses Gucci surpassing Hermes last year with 6.2 billion euros in annual sales and millennials’ growing appetite for luxury goods. He speaks to Bloomberg’s Caroline Connan in Paris.
French luxury goods group Kering (PRTP.PA) has complied with its tax obligations in Switzerland, it said on Friday, responding to newspaper reports alleging that the company used a Swiss-based scheme to evade taxes on earnings from brands such as Gucci and Yves Saint Laurent. France's Mediapart and Germany's Der Spiegel alleged that Kering had saved on taxes it should have paid in countries such as Italy by billing some business carried out elsewhere to a Swiss site. Mediapart, which cited documents linked to an Italian tax investigation, said it estimated that since 2002 Kering had saved 2.5 billion euros (2.20 billion pounds) in tax in this manner.
French luxury goods group Kering (PRTP.PA) has complied with its tax obligations in Switzerland, it said on Friday, responding to newspaper reports alleging that the company used a Swiss-based scheme to evade taxes on earnings from brands such as Gucci and Yves Saint Laurent. France's Mediapart and Germany's Der Spiegel alleged that Kering had saved on taxes it should have paid in countries such as Italy by billing some business carried out elsewhere to a Swiss site. Mediapart, which cited documents linked to an Italian tax investigation, said it estimated that since 2002 Kering had saved 2.5 billion euros ($3.1 billion) in tax in this manner.
Big fashion houses are hiring sustainability experts amid concerns, particularly among socially conscious young people, about the industry’s environmental toll.
What does an empowered woman look like? It’s a question that has challenged designers more than usual in a season where what defines emasculation or enslavement are all up for debate. It’s especially pertinent ...
Italian fashion house Gucci dazzled fans with a presentation featuring baby dragons, snakes and models carrying replica heads in their arms in a Milan catwalk show on Wednesday that explored the concepts of creativity and identity. Gucci's creative director Alessandro Michele framed his display -- one of the most sought after tickets in Milan's fashion week - in a cold, sterile and claustrophobic space that replicated an operating theatre. The brand, the biggest in French luxury group Kering , has been revamped with a bold new style over the past two years under Michele, and recently branched into homeware.
Kering, owner of the Gucci brand, reported better than expected sales growth in the fourth quarter and said 2018 should be another solid year as it refocuses on luxury and boosts other fashion labels including Balenciaga. Echoing rivals in the luxury goods industry including fellow French group LVMH, Kering benefited from a recovery in demand from Chinese consumers. Rising online sales also propelled growth last year, as did growing appetite from younger shoppers, whose enthusiasm for Italian fashion house Gucci's flamboyant style has made it one of the world's fastest-growing labels.
German sportswear brand Puma said on Monday it expects to increase its operating profit by another third in 2018 and lift sales by 10 percent, predicting a recovery in soccer sales even after top team Italy failed to qualify for the World Cup. Puma, which still far lags German rival Adidas and market leader Nike, has revived its fortunes in recent years by spending heavily on sponsoring top soccer teams and partnering with celebrities like singer Rihanna. Puma saw its shares tumble last month after French parent Kering said it would spin off the brand to its shareholders.
Kering (PRTP.PA) said on Friday it had held talks over its stake in fashion label Stella McCartney, after a report that the French luxury goods firm was discussing selling its 50 percent holding back to the British designer. Kering, which has had the joint venture since 2001, said it often held discussions with Stella McCartney who is known for her sleek designs and commitment not to use fur or leather. Any significant change to the current relationship would naturally be made public at the appropriate time," Kering said in an emailed statement.
To market women’s sportswear, industry executives have long grappled with a perennial debate: Are celebrities or sports stars more effective endorsers?
PARIS/BERLIN (Reuters) - Puma (PUMG.DE) shares tumbled on Friday after French parent Kering (PRTP.PA) said it would spin-off the German sportswear group to its shareholders and focus solely on its luxury fashion and jewellery labels. Kering, whose brands range from Gucci to Yves Saint Laurent, plans to distribute 70 percent of Puma to its own investors, retaining only a 16 percent stake in a business which is finally making strides after 10 years under its ownership. Investors initially welcomed Kering's long-awaited move to shed its remaining non-luxury brands, sending its shares to record highs.
BERLIN (Reuters) - Puma has no plans to take on other brands such as Kering's Volcom for the moment, the German sports brand's chief executive said on Friday. "Having more brands in the portfolio ...
German sportswear company Puma AG Rudolf Dassler Sport (OTC: PMMAF ) may no longer be weighed down by its French parent company Kering S A/ADR (OTC: PPRUY ). The French luxury goods group proposed to ...
FRANKFURT/LONDON (Reuters) - Gucci-owner Kering (PRTP.PA) plans to spin off German sports brand Puma (PUMG.DE) to the French conglomerate's shareholders to focus squarely on its luxury brands. Kering said on Thursday it planned to distribute 70 percent of Puma shares to its investors, leaving it with only a 16 percent stake, confirming an exclusive Reuters report. Puma shares were down 4.4 percent at the close as some investors worried about the company losing a powerful backer.