PPRUY - Kering SA

Other OTC - Other OTC Delayed Price. Currency in USD
53.58
+0.65 (+1.22%)
At close: 3:52PM EDT
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Previous Close52.94
Open53.28
Bid0.00 x 0
Ask0.00 x 0
Day's Range53.15 - 53.58
52 Week Range41.64 - 60.99
Volume17,836
Avg. Volume50,764
Market Cap67.477B
Beta (3Y Monthly)0.88
PE Ratio (TTM)17.45
EPS (TTM)3.07
Earnings DateN/A
Forward Dividend & Yield1.18 (2.23%)
Ex-Dividend Date2019-04-30
1y Target EstN/A
Trade prices are not sourced from all markets
  • Kering SA (EPA:KER) Earns A Nice Return On Capital Employed
    Simply Wall St.

    Kering SA (EPA:KER) Earns A Nice Return On Capital Employed

    Today we are going to look at Kering SA (EPA:KER) to see whether it might be an attractive investment prospect...

  • Financial Times

    LVMH/luxury sector:  sumptuous sales

    Only with luxury goods can one make luxury margins. Hard work has protected LVMH during a year of tumult in Hong Kong and China. LVMH’s better than expected third-quarter post-market close update on Wednesday led to a share price bounce the next day.  Like its Louis Vuitton bags, LVMH’s shares are highly valued.  It is worth asking whether they can  retain that premium.

  • At €442, Is Kering SA (EPA:KER) Worth Looking At Closely?
    Simply Wall St.

    At €442, Is Kering SA (EPA:KER) Worth Looking At Closely?

    Today we're going to take a look at the well-established Kering SA (EPA:KER). The company's stock received a lot of...

  • Moody's

    JPMCC Commercial Mortgage Securities Trust 2017-JP6 -- Moody's affirms seven classes of JPMCC 2017-JP6

    Moody's rating action reflects a base expected loss of 5.0% of the current balance, compared to 5.1% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

  • Luxury leader LVMH, in green mode, laments Thunberg's pessimism
    Reuters

    Luxury leader LVMH, in green mode, laments Thunberg's pessimism

    Environmental activist Greta Thunberg's discourse on climate change was overly pessimistic and demoralizing for young people, LVMH boss Bernard Arnault said on Wednesday, as the group behind brands like Louis Vuitton raised its "green" goals. LVMH, the world's biggest luxury goods conglomerate, which like its peers is seeking to improve its environmental credentials and keep young consumers onside, said it was further cutting emissions and improving sourcing on materials like animal fur.

  • Corrected: Luxury group Kering trims Puma stake with 500 million euro bond
    Reuters

    Corrected: Luxury group Kering trims Puma stake with 500 million euro bond

    French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand. Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.

  • Italy Targets Executive Pay in Spreading Gucci Tax Scandal
    Bloomberg

    Italy Targets Executive Pay in Spreading Gucci Tax Scandal

    (Bloomberg) -- A scandal that has cast a pall over Gucci’s blockbuster turnaround is spreading as Italian fiscal authorities probe more than a dozen of the luxury brand’s current and former executives over an alleged tax-avoidance scheme.Gucci owner Kering SA agreed to pay 1.25 billion euros ($1.4 billion) in May this year to settle an investigation of the brand’s tax payments from 2011 to 2017. Italian authorities alleged that the luxury label funneled revenue through a Swiss logistics center to avoid paying higher rates in Italy.After the settlement, the country’s tax agency is broadening its focus to individual managers’ pay during that period, documents reviewed by Bloomberg show. In August, officials notified current and former executives that they were being investigated over salaries they received from companies in Switzerland for work done for Gucci in Milan, according to people familiar with the matter. The executives could owe tens of millions of euros in back taxes, said the people, asking not to be identified discussing a private matter.“Kering concluded a settlement with the Italian revenue agency that was announced on May 9, 2019,” Kering said in a statement. “There is nothing new in these allegations and there is nothing further to comment on.”Representatives for the Italian tax agency and the prosecutor’s office declined to comment.The tax scandal has shadowed Gucci, even as its parent company has become the luxury industry’s most vocal champion of ethical and environment causes. The Italian label has enjoyed a spectacular turnaround under Chief Executive Officer Marco Bizzarri, though growth has cooled in recent months.Kering, which last year relinquished control of German sportswear company Puma SE, has become increasingly dependent on Gucci for profits. On Wednesday it announced plans to launch an offering of bonds convertible into Puma shares for 500 million euros. Proceeds will be used for general corporate purposes, the French company said.Bizzarri is not included in the latest probe. The top executive settled a dispute over his taxes in 2017 under an amnesty program for repatriating earnings, according to people familiar with the situation. The earlier investigation also included his predecessor Patrizio di Marco, they said, though the former CEO has not settled.Bizzarri declined to comment. Di Marco didn’t respond to a written request for comment.Early StageThe tax authorities’ latest review is at an early stage and no criminal inquiries have been opened, the people said.The broadening scrutiny could spark new costs for Kering. Like soccer stars, Gucci executives sometimes negotiated their salaries net of tax. Some would be likely to seek compensation from the company for any back taxes and penalties before accepting a settlement, according to one of the people familiar with the situation.The original Italian investigation centered on business activities by a Kering subsidiary in Switzerland from 2011 through 2017, focusing on amounts that Gucci billed through a Swiss logistics center.The new inquiry comes as Italian authorities step up scrutiny of fashion brands’ international operations, checking to see whether they are paying enough taxes back home. It focuses on more than 80 million euros of salaries paid by another Kering subsidiary in Switzerland, Luxury Goods Services, and a shell company in Luxembourg called Castera that may have been subject to Italian taxes, one of the people said.Top Kering managers were directly involved in the decision to transfer executives to the Swiss arm although their activities remained principally in Milan, according to testimony cited in the documents reviewed by Bloomberg.(Updates with bond offering in seventh paragraph)To contact the reporters on this story: Robert Williams in Paris at rwilliams323@bloomberg.net;Sonia Sirletti in Milan at ssirletti@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, ;Tommaso Ebhardt at tebhardt@bloomberg.net, Thomas MulierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Luxury group Kering trims Puma stake with 500 million euro bond
    Reuters

    Luxury group Kering trims Puma stake with 500 million euro bond

    French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand. Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.

  • Does Kering (EPA:KER) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Kering (EPA:KER) Have A Healthy Balance Sheet?

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • GuruFocus.com

    An Investor's Look at Some of the World's Luxury Brands

    Louis Vuitton and Hermes lead the way, while Gucci owner Kering has slowly lost its upward pace Continue reading...

  • Want To Invest In Kering SA (EPA:KER)? Here's How It Performed Lately
    Simply Wall St.

    Want To Invest In Kering SA (EPA:KER)? Here's How It Performed Lately

    In this article, I will take a look at Kering SA's (EPA:KER) most recent earnings update (30 June 2019) and compare...

  • Fashion Brands Pledge to Reduce Footprint, Remain Fabulous
    SAY

    Fashion Brands Pledge to Reduce Footprint, Remain Fabulous

    Some of the world’s leading clothing brands are pledging to make their industry more environmentally sustainable. Like a G7 At this afternoon’s international G7 economic forum in Biarritz, France, 32 companies representing around 150 fashion brands have signed on to a sustainability agreement that seeks to reduce the clothing industry’s environmental impact. Called the G7 Fashion Pact, the agreement, which was presented by French President Emmanuel Macron and François-Henri Pinault, chairman and chief executive officer of the luxury group Kering, has been called the first serious push by a group of private industries to help combat global warming. Sustainability, But Make It Fashion Kering represents luxury brands such as Gucci and Saint Laurent. The company was tapped in May by Macron to recruit companies from across the fashion spectrum for the inative. The agreement includes activewear brands such as Adidas and Nike, “fast fashion” companies like H&M; and The Gap and department stores such as Nordstrom and Selfridges. Unless you’re a full-time nudist, some brand you wear was likely included. Fashion Goals The fashion industry has been a bit quicker to jump on the environmentally conscious movement than some industries, as 231 fashion companies have already adopted science-based measures to combat global warming, but this is the most high-profile move the industry has made yet. The companies have pledged to switch to 100% renewable energy by 2030, moving to "wildlife-friendly" approaches to agriculture, mining, and forestry; and eliminating the use of single-use plastics (in both business-to-business and business-to-consumer packaging) by 2030 and to prioritize circularity, a concept promoted by the Ellen MacArthur Foundation that encourages using recycled textiles. Also, the signees hope to recruit 20% of the global fashion industry to this effort. And it’s not a moment to soon, as the UN Climate Change has found that unless things change, the textile and apparel industry’s emissions will rise more than 60% by 2030. Stay Fashionable While this is volunteer agreement, it seems like the fashion industry realizes that, in the wake of government inactivity, consumers increasingly want industries to take a stronger role in combating climate change. -Michael Tedder Photo: Benoit Tessier/REUTERS

  • Is Kering's (EPA:KER) Share Price Gain Of 174% Well Earned?
    Simply Wall St.

    Is Kering's (EPA:KER) Share Price Gain Of 174% Well Earned?

    It might be of some concern to shareholders to see the Kering SA (EPA:KER) share price down 17% in the last month. But...

  • What Kind Of Shareholder Owns Most Kering SA (EPA:KER) Stock?
    Simply Wall St.

    What Kind Of Shareholder Owns Most Kering SA (EPA:KER) Stock?

    The big shareholder groups in Kering SA (EPA:KER) have power over the company. Insiders often own a large chunk of...

  • Benzinga

    Barneys New York Files For Bankruptcy

    Barneys New York’s days as a leading department store appear numbered. Barneys New York Inc. filed for bankruptcy protection with plans to close most of its stores as well as a $75 million financing package ...

  • ACCESSWIRE

    Kering SA to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / July 25, 2019 / Kering SA (ORCPINK: PPRUY ) will be discussing their earnings results in their 2019 First Half Earnings to be held on July 25, 2019 at 6:00 PM Eastern Time. ...

  • 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.

  • Is Kering SA's (EPA:KER) ROE Of 26% Impressive?
    Simply Wall St.

    Is Kering SA's (EPA:KER) ROE Of 26% Impressive?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Benzinga

    Luxury Brand Growth Driven By Virtual Reality, E-Commerce

    A shift in consumer behavior has pushed a number of luxury brands to improve their online presence and adopt new technology, with companies eager to profit from e-commerce sales. By 2022, e-commerce will ...