|Bid||151.00 x 2500|
|Ask||0.00 x 4200|
|Day's Range||385.25 - 389.25|
|52 Week Range||208.55 - 408.35|
|PE Ratio (TTM)||41.72|
|Forward Dividend & Yield||5.01 (1.32%)|
|1y Target Est||N/A|
France's Kering (PRTP.PA) has hired former eBay manager Gregory Boutte for the newly created post of chief client and digital officer, as luxury goods companies strive to tap surging demand for online sales. Gucci-owner Kering said on Monday Boutte would be a member of the group's executive committee and have responsibility for driving the "development of e-commerce, CRM (client relationship management) and data management". Online sales have become the luxury goods industry's most important engine of growth, with some of Kering's brands already enjoying a big boost to sales from the internet.
Patricia Barbizet, who managed the investments of one of France's richest families and helped the Pinaults turn Kering into one of the world's biggest luxury groups, is set to leave their holding company Artemis after nearly 30 years. Barbizet, who was CEO at Artemis and previously held senior positions at carmaker Renault and was a former head of art auctioneers Christie's, will pursue her own projects, Artemis said in a statement. Artemis, set up by billionaire businessman Francois Pinault, has a stake of just over 40 percent in Kering - a group that spans labels such as Gucci and Alexander McQueen, and also owns Christie's and wines such as Chateau Latour.
How the dream team of CEO Marco Bizzarri and creative director Alessandro Michele are reinventing luxury brand Gucci for the next generation of customers, the millennials. They are doing it by Bizzarri giving Michele free rein on the creative side.
Classic brands often blame millennials for sales downturns, but the younger generation is giving Gucci a sensational boost. This could assure the luxury goods maker years of growth, or leave it grumbling like everyone else about that fickle group. Comparable sales at Gucci rose 49% compared with the previous year, up from 43% growth in the first half.
MILAN/LONDON, Oct 25 (Reuters) - European shares fell to a near four-week low on Wednesday, with a mixed batch of company results sparking profit-taking a day before the European Central Bank decides on monetary policy. GSK shares fell 5.5 percent, making the healthcare index the second-biggest sectoral loser and helping drag the pan-European STOXX 600 benchmark down 0.6 percent to 387.13, its lowest close since late September. The market fall came despite continued strength in economic data, among the key drivers for this year's stocks rally along with solid corporate earnings growth.
European stocks end with losses Wednesday as investors sell holdings ahead of a much-anticipated European Central Bank decision on monetary policy.
By Helen Reid LONDON (Reuters) - Earnings were the main driver for European stocks on Wednesday, with luxury conglomerate Kering shining after sales at Gucci surged, as benchmarks were muted as investors ...
PARIS (Reuters) - Shares in luxury goods group Kering (PRTP.PA) surged to touch record highs on Wednesday after Kering beat sales forecasts in the third quarter. Kering shares were up 6 percent to 384.45 ...
Puma (PUMG.DE) expects gross margins to be squeezed by discounting in the fourth quarter, despite a new collection from singer Rihanna helping the German sportswear company raise its 2017 sales and operating earnings outlook. Puma said on Tuesday that third-quarter sales rose a currency-adjusted 23 percent in Europe, Middle East and Africa, 16 percent in the Americas and 10 percent in Asia/Pacific. Like its German rival Adidas (ADSGn.DE), which reports results on Nov. 9, Puma has been enjoying a revival in the U.S. market, as shoppers snap up its retro styles instead of basketball shoes, hurting Under Armour (UAA.N) and Nike (NKE.N).
Puma expects gross margins to be squeezed by discounting in the fourth quarter, despite a new collection from singer Rihanna helping the German sportswear company raise its 2017 sales and operating earnings outlook. Puma said on Tuesday that third-quarter sales rose a currency-adjusted 23 percent in Europe, Middle East and Africa, 16 percent in the Americas and 10 percent in Asia/Pacific. Like its German rival Adidas, which reports results on Nov. 9, Puma has been enjoying a revival in the U.S. market, as shoppers snap up its retro styles instead of basketball shoes, hurting Under Armour and Nike.
French luxury goods group Kering (PRTP.PA) has dropped a lawsuit filed in New York against Alibaba (BABA.N) and Alipay and agreed instead to co-operate with the two companies to safeguard intellectual property rights and fight counterfeiting. Chinese e-commerce company Alibaba has faced allegations in the past that its online shopping sites fail to prevent the sale of copyright-infringing goods. Alibaba has said it is constantly improving its monitoring and enforcement of rules against counterfeits.
French luxury group Kering said it will drop its lawsuit against Alibaba Group Holding Ltd., agreeing to work with the Chinese e-commerce emporium to fight the sale of fake products.
Francois-Henri Pinault tells CNBC that the company's success is not as fickle as fashion itself.