|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||473.30 - 479.20|
|52 Week Range||346.87 - 522.40|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||16.11|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||10.50 (2.22%)|
|1y Target Est||524.67|
Gucci owner Kering has followed luxury market peers like LVMH in defying fears of a slump in Chinese demand. Julian Satterthwaite reports.
For starters, Mr Trump would be able to set aside many of the legal limits on his authority. from office in 2017 after the president fired James Comey, then the bureau’s chief. The revelation was disclosed by Andrew McCabe in a 60 Minutes interview ahead of his book’s release, an adaptation of which can be read here.
It was a landmark moment for the 48-year-old chief executive of Saint Laurent. Since arriving at the Kering-owned Saint Laurent in 2013, Bellettini has tripled the French brand’s sales. In Kering’s results this week, Saint Laurent reported full-year sales of €1.74bn, a 16.1 per cent increase in reported growth.
reinstated its dividend sooner than expected, Citi Research analysts say. The bank says Tullow Oil’s outlook remains positive in 2019 with strong momentum in its core business. Production in 2019 will be driven by Tullow Oil’s operations in Ghana, Citi Research notes, which will deliver strong free cash flow at current prices.
PARIS—The French billionaire who controls Gucci pledged to redouble the luxury fashion brand’s cultural-sensitivity training for employees after being stung by controversy over a Gucci sweater that critics likened to blackface. François-Henri Pinault, chief executive and controlling shareholder of Gucci parent Kering SA, said the Italian fashion house didn’t have teams in place to ensure that designs and marketing material don’t offend African-Americans. “We didn’t understand the sensitivities of the African-American community, which is reflected in that mistake,” Mr. Pinault told reporters at Kering’s headquarters.
France's Kering offered up a bullish view of the Chinese market and said its star brand Gucci started 2019 on a good footing, in what is already shaping up to be a year of contrasting fortunes across the luxury goods industry. Along with Louis Vuitton owner LVMH, the Paris-based conglomerate defied fears of cooling demand for high-end handbags and fashion in China as the economic backdrop soured in the fourth quarter. Kering shares reversed earlier losses and were up 2.8 percent by 1230 GMT on Tuesday after the firm said favourable trends at Gucci, which accounts for over 80 percent of its operating income, had stretched into January.
Gucci is a huge hit with millennials, but investors are proving a tough sell. An operating margin of 29%, up 4 percentage points in a year, puts Kering among the world’s most profitable luxury brand owners. , Kering’s shares maintain their decadelong discount to compatriot LVMH.
The fashion house’s French parent company, Kering SA, said on Tuesday that Gucci’s organic sales rose 28.1 percent year-on-year in the last three months of 2018. Gucci’s operating margin also rose 5.3 percentage points in 2018 to 39.5 percent. While sales growth might be slightly less fabulous than before, the brand – which accounted for 63 percent of Kering’s sales and 78 percent of its operating profit in 2018 – hasn’t yet burned itself out.
Shares in Kering fell after the luxury goods company’s flagship brand--Gucci--didn’t significantly outstrip expectations for the last quarter of the year.
French luxury group Kering, owner of Gucci and Saint Laurent, shrugged off fears about waning demand from the key Chinese market as it beat expectations for fourth quarter sales to end a “remarkable” year. Organic sales role 23.3 per cent in the fourth quarter to €3.72bn, against a high base of comparison and ahead of the 22 per cent fourth quarter sales growth forecast by a Bloomberg survey of analysts. “It was a remarkable year,” said Jean-Marc Duplaix, chief financial officer of Kering, on a call with journalists.
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LVMH on Tuesday reported fourth-quarter sales that beat analysts’ estimates. Fashion and leather goods were spectacular: Organic growth was 17 percent, compared with forecasts of 10.5 percent. LVMH has scale and diversification.
PARIS/MILAN (Reuters) - Kering is facing an Italian claim for 1.4 billion euros (1.2 billion pounds) in unpaid taxes, the French luxury goods group disclosed on Friday, adding that it contested the preliminary findings. The company's Swiss-based Luxury Goods International (LGI) subsidiary has been under investigation for allegedly avoiding tax on earnings generated elsewhere. The probe has largely centred on Gucci, Kering's star brand and biggest revenue driver.
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Gucci, the Italian fashion label driving revenue growth at French luxury group Kering (PRTP.PA), will branch into high end jewelry with a collection in June or July, Kering boss Francois-Henri Pinault said in a newspaper interview on Friday. Jewelry has been one of the best performing corners of the luxury industry in 2018, according to consultancy Bain & Co, which forecast that comparable sales in the 18 billion euro global market were set to progress 7 percent this year. Most labels produce earrings and other accessories but high-end jewelry is a more rarefied world, occupied by the likes of Switzerland's Chopard, or Boucheron, a label owned by Kering into which it is also plowing resources.