PPRUF - Kering SA

Other OTC - Other OTC Delayed Price. Currency in USD
472.00
0.00 (0.00%)
At close: 3:32PM EDT
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Previous Close472.00
Open471.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range472.00 - 472.00
52 Week Range300.00 - 603.00
Volume728
Avg. Volume146
Market Cap60.07B
Beta (3Y Monthly)0.89
PE Ratio (TTM)15.38
EPS (TTM)30.70
Earnings DateN/A
Forward Dividend & Yield8.72 (1.85%)
Ex-Dividend Date2019-01-15
1y Target EstN/A
Trade prices are not sourced from all markets
  • Bloomberg

    Kering Plunges as Gucci Sales Momentum Slows From Red-Hot Pace

    (Bloomberg) -- Kering shares fell after sales growth at the French luxury group’s Gucci brand slowed from the breakneck pace of the past three years, even as rival LVMH accelerates.The Italian label’s comparable sales rose 12.7% in the second quarter, compared with an analyst forecast of 14.5%. Even though Kering’s overall sales gains were roughly in line with expectations and its profitability keeps growing, the waning momentum at its key brand alarmed investors.“We expect the market will continue to wonder about the future ‘soft landing’ of Gucci, despite a very healthy margin improvement,” Bernstein analysts led by Luca Solca said in a note.Kering Investors Run on Worries Gucci Losing Appeal: Street WrapThe shares fell as much as 9.9% in Paris early on Friday, the most since October. Kering reported its results after the close of trading Thursday.Gucci is coming up against tough comparisons, after sales surged 40% a year earlier and 20% in the previous quarter. Kering has been trying to persuade investors that the brand’s growth is simply normalizing and that the decadent wares by designer Alessandro Michele aren’t going out of style.Slowdown ‘Expected’“This slowdown was expected and has been commented on in recent quarters,” Chief Financial Officer Jean-Marc Duplaix said on a call.As Gucci returns to earth, Kering is no longer outperforming rival LVMH, whose key fashion and leather category surged 20% in the quarter. The Louis Vuitton and Christian Dior owner’s shares touched a record high Thursday as creative revamps at key brands fueled gains.What Bloomberg Intelligence Says“Kering’s biggest and most profitable brand, Gucci, has the ability to maintain peer-beating midterm growth rates, in our view, on design momentum and consumer following.”Deborah Aitken, consumer products analystand Maxime Boucher, associate analystClick here to read the pieceGucci remains enormously profitable, with its operating margin rising to 41% for the first half. Kering also said it continues to perform well in China, where authorities have taken steps to bring more luxury purchases onshore.The company reported bright spots elsewhere, including an improvement at the Bottega Veneta brand, which has been struggling. Though analysts expected a further decline in sales, it returned to growth in the quarter, as Kering said the first collections from a new creative director, Daniel Lee, were well received.To contact the reporter on this story: Robert Williams in Paris at rwilliams323@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Sales growth eases at Kering's star Gucci brand
    Reuters

    Sales growth eases at Kering's star Gucci brand

    Sales at Gucci rose more slowly than expected in the second quarter, taking the shine off a jump in margins at the Italian fashion label and an otherwise solid performance at parent Kering. The conglomerate relies on Gucci for the bulk of its sales and profit, and investors are keeping a close watch on the extent to which it might lose steam after three years of explosive growth. A weak performance in the United States, linked partly to a drop in Chinese visitors there, dragged on Gucci's sales and that of other Kering labels, which include Saint Laurent, the group's Financial Director Jean-Marc Duplaix said.

  • Kering crown jewel Gucci banks on high-end gems for growth
    Reuters

    Kering crown jewel Gucci banks on high-end gems for growth

    Gucci, the luxury brand that powers most of parent Kering's profits, made its first steps in high-end jewelery on Tuesday with a dedicated store in Paris - part of its bid to expand its reach after a blowout fashion makeover. Sales at the Italian label have grown at a breakneck pace since a turnaround under designer Alessandro Michele over the past three years, beating most industry rivals even as the rate of expansion slowed to 20 percent in the first quarter. With its sights on one day overtaking peers Louis Vuitton, owned by Kering rival LVMH , or privately-held Chanel as the biggest luxury brand by revenue, Gucci is branching into new areas, including by recently rolling out cosmetics.

  • Barrons.com

    Kering CEO François-Henri Pinault on the Luxury Boom in China and the Millennial Shopper

    What slowdown? Kering brands such as Gucci and Balenciaga continue to score with Asian customers and millennials, says François-Henri Pinault, one of our 2019 World’s Best CEOs.

  • Reuters

    Can a derivative turn Europe's green energy dream into virtual reality?

    MILAN/MADRID, June 3 (Reuters) - Italy's Ferrero is famous for its red-and-white Kinder chocolate eggs. The confectionery giant, which runs its own gas-fired power plant near its factory in northern Italy, is in early talks to help finance a new clean energy plant, possibly a solar farm in the sunnier south, according to three sources familiar with the matter. Like other companies in Europe, Ferrero is under growing pressure from investors and authorities to shift towards greener energy.

  • French fashion group Kering pledges to hire only over-18 models
    Reuters

    French fashion group Kering pledges to hire only over-18 models

    Kering, the French fashion group whose brands include Gucci and Saint Laurent, said it would only work with models aged over 18, as the fashion industry aims to tighten up its ethical guidelines. Kering said on Wednesday that from 2020 onwards, it would only hire models aged over 18 to represent adults and wear its adult clothing at its fashion shows and photo sessions. "We believe that we have a responsibility to put forward the best possible practices in the luxury sector and we hope to create a movement that will encourage others to follow suit,” said Kering's chairman and chief executive François-Henri Pinault.

  • Reuters

    French fashion group Kering sets guidelines on animal welfare

    PARIS (Reuters) - French fashion group Kering, whose brands include Gucci and Saint Laurent, said it had set out internal guidelines for dealing with the welfare of animals, as fashion companies look to ...

  • Gucci owner Kering agrees record Italian tax settlement
    Reuters

    Gucci owner Kering agrees record Italian tax settlement

    MILAN/Paris (Reuters) - French luxury goods group Kering said on Thursday it had agreed to pay a record 1.25 billion euros ($1.40 billion) to settle a dispute with Italian tax authorities centred on its fashion brand Gucci. The settlement, first reported by Reuters last month, is the highest ever agreed by a company with Italian tax authorities. Kering, which has denied avoiding tax, has a cash pile estimated by analysts at more than 10 billion euros, meaning it was equipped to absorb the cost.

  • Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros - sources
    Reuters

    Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros - sources

    French luxury group Kering is close to agreeing to pay between 1.3 billion (1.1 billion pounds) and 1.4 billion euros to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday. An agreement between the group and the Italian tax authority is expected to be signed in the first few days of May, said one of the sources, who all have direct knowledge of the matter. This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.

  • Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros: sources
    Reuters

    Gucci owner Kering close to settling Italian tax case for 1.3-1.4 billion euros: sources

    French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday. An agreement between the group and the Italian tax authority is expected to be signed in the first few days of May, said one of the sources, who all have direct knowledge of the matter. This would be the biggest tax settlement ever agreed by a company with the Italian tax authorities.

  • Reuters

    European shares rise as short covering, earnings help temper tepid PMIs

    * (There will be no European stock market report on Friday and Monday on account of Easter holidays. April 18 (Reuters) - European shares ended higher on Thursday as short covering kicked in ahead of a long Easter weekend and strong quarterly results including those from Unilever and Nestle tempered data showing euro zone businesses unexpectedly slowed this month. The pan-European STOXX 600 index rose for a seventh straight session, its best winning streak since early February with Germany's DAX closing at six-month highs, while London's FTSE 100 fell, dragged by healthcare stocks.

  • Kering shares slide as Gucci's growth slows
    Reuters

    Kering shares slide as Gucci's growth slows

    Kering (PRTP.PA) shares retreated sharply on Thursday after signs of slowing growth at the French luxury group's Gucci brand, particularly in the United States. Analysts honed in on Gucci's performance as one of the main reasons for the share price drop, after Kering's first-quarter update released after Wednesday's market close showed U.S. growth cooling at Gucci, which accounts for some 60 percent of group sales. Gucci, with annual sales surpassing 8 billion euros ($9 billion), has outperformed most of its peers in the past two years thanks to a flamboyant revamp under designer Alessandro Michele.

  • Reuters

    Kering beats forecasts even as Gucci growth cools

    Strong demand for Gucci's flamboyant designs and handbags helped parent Kering beat first-quarter revenue forecasts on Wednesday, even as the pace of growth at the Italian fashion label cools from the explosive levels of the last two years. Kering, which also owns Saint Laurent and Balenciaga, relies heavily on Gucci for the bulk of its sales and profits, drawing scrutiny over whether it can keep up momentum at the label following its revamp under designer Alessandro Michele. The group, run by billionaire boss Francois-Henri Pinault, has said Gucci will naturally expand at a less breakneck pace over time after it more than doubled in size over the past four years, with annual sales reaching more than 8 billion euros ($9 billion).

  • CNBC

    Louis Vuitton and Gucci owners pledge more than $300 million to rebuild Notre Dame after fire

    Two of France's richest people have pledged 300 million euros ($338.7 million) collectively to rebuild the Notre Dame Cathedral in Paris, which was severely damaged in a fire Monday night. François-Henri Pinault, whose Artemis holding company owns a controlling stake in luxury group Kering KER-FR , pledged 100 million euros, while Bernard Arnault , chair of LVMH MC-FR , gave 200 million euros. Kering owns labels such as Gucci, Saint Laurent and Alexander McQueen, while LVMH's star brands include Louis Vuitton, Christian Dior and Moet & Chandon champagne.