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Kering SA (PPRUF)

363.67

+10.74

(+3.04%)

At close: April 26 at 3:32 PM EDT

Hermès eludes luxury slowdown, could overtake Louis Vuitton as top brand: Analyst

A Citi analyst contends Hermès is set to surpass its biggest competitor in the next few years and become the largest luxury fashion brand.

Yahoo Finance yesterday

LVMHF

LVMUY

PPRUF
+3.04%
Kering CEO Aims to Improve Results by Yearend Amid Gucci Turnaround

At the French luxury group's annual general meeting, François-Henri Pinault acknowledged that shareholders are "disappointed" and "frustrated."

WWD 2 days ago

PPRUY
+1.63%
Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting

Kering - Press release - Description of the Share Buyback Program - April 25, 2024 PRESS RELEASE 04.25.2024 DESCRIPTION OF THE SHARE BUYBACK PROGRAMAUTHORIZED BY THE COMBINED GENERAL SHAREHOLDERS’ MEETING OF APRIL 25, 2024 AND DELEGATION FROM THE BOARD OF DIRECTORS AT ITS MEETING OF APRIL 25, 2024 The General Shareholders’ Meeting of April 25,2024 renewed the authorization given to the Board to trade in the Company’s shares. The following description was prepared in accordance with Articles 241-

GlobeNewswire 2 days ago

PPRUF
+3.04%
PPRUY
+1.63%
Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions

2024 Annual General Meeting Approval of all resolutions PRESS RELEASE April 25, 2024 ANNUAL GENERAL MEETING OF APRIL 25, 2024: APPROVAL OF ALL RESOLUTIONS Kering's Annual General Meeting was held on April 25, 2024, 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 2023. An interim cash dividend of €4.50 per share was paid on January 17, 2024, pursuant

GlobeNewswire 2 days ago

PPRUF
+3.04%
PPRUY
+1.63%
Kering Beauté Names President and CEO, Americas

L’Oréal alum Alexandre Choueiri will “help write the next chapter of the business,” according to a memo sent to retailers.

WWD 2 days ago

PPRUY
+1.63%
Spanish Beauty Billionaires Seek IPO to Ward Off Succession Drama

(Bloomberg) -- Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona with then Prince Felipe in attendance and threw a splashy party for more than 1,000 people at the world's largest art nouveau complex. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Dee

Bloomberg 2 days ago

PPRUY
+1.63%
UPDATE 3-Hermes quarterly sales jump 17% on strong China demand

Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for high end luxury. Its first-quarter growth beat expectations and far outpaced larger rival LVMH, showing the strength of businesses operating in the top end of the market and defying broader weakness in key market China. Sales rose to 3.81 billion euros ($4.08 billion) for the three months to March 31 and beat expectations for a 13% rise, according to consensus provider Visible Alpha.

Reuters 2 days ago

PPRUY
+1.63%
Gucci's Hangover Saps Kering's Stock

Kering said late Tuesday that it expects a decline of up to 45% in first-half recurring operating income from a year earlier. Gucci is grappling with the lingering hangover from Kering jettisoning of Alessandro Michele, the star creative director whose trend-making designs fueled sales for years. Since Michele's departure, the brand is straining to find its footing under his replacement, Sabato de Sarno.

The Wall Street Journal 3 days ago

BBRYF

BURBY

PPRUF
+3.04%
European Equities Close Lower in Wednesday Trading; Kering Shares Drop After Q1 Results 'Worsened Considerably'

European Equities Close Lower in Wednesday Trading; Kering Shares Drop After Q1 Results 'Worsened Considerably'

PREMIUM
MT Newswires 3 days ago

PPRUY
+1.63%
FOCUS-Tuscany's luxury suppliers feel chill from China and changing trends

Waning Chinese demand for luxury goods has compounded the problems of Tuscany's traditional leather companies as the big fashion houses they supply reshape their strategies, leading to painful layoffs that could be just the start. LVMH, the world's largest luxury group, last week reported Asia revenues fell 6% in the first quarter. Many of the biggest luxury groups, which like Gucci base their leather goods production in Tuscany, had increased orders to respond to the post-pandemic boom.

Reuters 3 days ago

PPRUY
+1.63%
Kering Shares Drop After Gucci Slump Prompts Profit Warning

(Bloomberg) -- Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategyThe stock slid as much as 10% in Paris trading to a s

Bloomberg 3 days ago

PPRUY
+1.63%
Kering shares slump after the Gucci owner warns of H1 operating profit drop

Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit. Kering shares were down 8.5 percent in early session trading, dragging down slightly the shares of its French rivals LVMH and Hermes. Late on Tuesday, Kering warned of the likely drop in first-half operating profit as it also reported that first-quarter sales had declined as wealthy shoppers curbed spending on products from its star label Gucci.

Reuters 3 days ago

PPRUY
+1.63%
Kering Forecasts 40-45% Drop in H1 Operating Profit as Gucci Sales Tumble

The French luxury group said overall revenues fell 11 percent in the first quarter.

WWD 4 days ago

PPRUY
+1.63%
UPDATE 3-Kering warns H1 operating profit to tumble as Gucci sales fall

French luxury group Kering expects a 40% to 45% plunge in first-half operating profit, it said on Tuesday, after first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci. Kering had warned on March 19 that sales over the period were likely to drop by around 10%, dashing hopes it had stemmed sales declines at Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit. The warning prompted concern in the luxury sector about prospects for China's rebound - traditionally Gucci's most coveted market - which has been clouded by a property crisis and high youth unemployment.

Reuters 4 days ago

PPRUY
+1.63%
Kering warns H1 operating profit to tumble as Gucci sales fall

PARIS (Reuters) -French luxury group Kering expects a 40% to 45% plunge in first-half operating profit, it said on Tuesday, after first-quarter sales declined as wealthy shoppers curbed spending on products from its star label Gucci. Kering had warned on March 19 that sales over the period were likely to drop by around 10%, dashing hopes it had stemmed sales declines at Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit. The warning prompted concern in the luxury sector about prospects for China's rebound - traditionally Gucci's most coveted market - which has been clouded by a property crisis and high youth unemployment.

Reuters 4 days ago

PPRUY
+1.63%
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand

French luxury group Kering reported a 10% drop in first-quarter sales on Tuesday, dragged down by a slowdown at its star label Gucci, which suffered from weakness in Asia while undergoing a design overhaul. Sales for the three months ending in March stood at 4.5 billion euros ($4.82 billion), down 10% on a comparable basis. Kering had warned on March 19 that sales over the period were likely to drop by around 10%, dashing hopes it had stemmed sales declines at Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit.

Reuters 4 days ago

PPRUY
+1.63%
Kering: Press release - First-quarter 2024 revenue

Kering - Press release - First-quarter 2024 revenue PRESS RELEASE April 23, 2024 FIRST-QUARTER 2024 REVENUE Group first-quarter revenue: €4,504 million,down 11% as reported and down 10% on a comparable basis “Kering’s performance worsened considerably in the first quarter. While we had anticipated a challenging start to the year, sluggish market conditions, notably in China, and the strategic repositioning of certain of our Houses, starting with Gucci, exacerbated downward pressures on our topli

GlobeNewswire 4 days ago

PPRUF
+3.04%
PPRUY
+1.63%
Valentino Reports Decline in 2023 Sales, Profitability

CEO Jacopo Venturini said that “it's important to note that despite this, we, as a company, maintained our positioning and awareness."

WWD 4 days ago

PPRUY
+1.63%
Kering: Monthly statement on the total number of shares and voting rights (April 2024)

Kering - Statement Number of Shares and voting rights - 15.04.2024 KeringSociété anonyme with a share capital of €493,683,112Head office: 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS April 16, 2024 Monthly statementon the total number of shares and voting rights(articles L.233-8 of the French Commercial Code and 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 theore

GlobeNewswire 11 days ago

PPRUF
+3.04%
PPRUY
+1.63%
Donna Langley Wins Kering’s 2024 Women in Motion Prize

As chairman of NBCUniversal Studio Group, Langley is "proving that inclusive casting, hiring and storytelling is smart business."

WWD 11 days ago

PPRUY
+1.63%

Performance Overview

Return	PPRUF	CAC 40
YTD	-15.38%	+7.23%
1-Year	-39.29%	+7.39%
3-Year	-49.83%	+29.25%

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Kering SA (PPRUF)

Hermès eludes luxury slowdown, could overtake Louis Vuitton as top brand: Analyst

Kering CEO Aims to Improve Results by Yearend Amid Gucci Turnaround

Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting

Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions

Kering Beauté Names President and CEO, Americas

Spanish Beauty Billionaires Seek IPO to Ward Off Succession Drama

UPDATE 3-Hermes quarterly sales jump 17% on strong China demand

Gucci's Hangover Saps Kering's Stock

European Equities Close Lower in Wednesday Trading; Kering Shares Drop After Q1 Results 'Worsened Considerably'

FOCUS-Tuscany's luxury suppliers feel chill from China and changing trends

Kering Shares Drop After Gucci Slump Prompts Profit Warning

Kering shares slump after the Gucci owner warns of H1 operating profit drop

Kering Forecasts 40-45% Drop in H1 Operating Profit as Gucci Sales Tumble

UPDATE 3-Kering warns H1 operating profit to tumble as Gucci sales fall

Kering warns H1 operating profit to tumble as Gucci sales fall

Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand

Kering: Press release - First-quarter 2024 revenue

Valentino Reports Decline in 2023 Sales, Profitability

Kering: Monthly statement on the total number of shares and voting rights (April 2024)

Donna Langley Wins Kering’s 2024 Women in Motion Prize

Performance Overview