|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||491.15 - 500.40|
|52-week range||348.55 - 614.90|
|Beta (5Y monthly)||1.03|
|PE ratio (TTM)||27.17|
|Earnings date||28 Jul 2020|
|Forward dividend & yield||9.00 (1.81%)|
|Ex-dividend date||23 Jun 2020|
|1y target est||524.67|
RICHARD TAITTINGER GALLERGY CEO Richard Frerejean Taittinger (Courtesy of The Wall Street Journal) The art market is on the cusp of a revolution. Rapid democratization, just as in the world of luxury goods, will open up the pool of potential new collectors to include a much younger and geographically diverse demographic. At the same time, […]
French luxury giant Kering is opening a laboratory in Tuscany that will carry out chemical and other tests on its products and raw materials to check their quality and sustainability, it said on Thursday. The lab will be open to local and foreign companies outside Kering, it said.
Gucci has raised the price of handbags by up to 9%, joining rivals Louis Vuitton and Chanel in a bet their brands will still lure the wealthy, a Jefferies report said on Friday, as top luxury brands try to shake off the impact of the COVID-19 pandemic. Jefferies luxury goods analyst Flavio Cereda compared prices in various countries of two Gucci handbags - the $2,290 Dionysus and the $2,980 Zumi - in May and June and found price increases for both in Italy, Britain and China of between 5% and 9%. A spokeswoman for Gucci's owner Kering <PRTP.PA> declined to comment.
British actress Emma Watson, famed for playing Hermione in the Harry Potter film series, and former Credit Suisse boss Tidjane Thiam are set to join the board of French luxury group Kering as it pushes to raise its profile in areas such as sustainability. Kering, behind top fashion brands like Italy's Gucci, said that Watson would chair the board's sustainability committee, which is focused on environmental matters - a growing concern for many young luxury shoppers companies want to court.
The Kering Sa (EPA:KER) share price has risen by 3.00% over the past month and it’s currently trading at 470.3. For investors considering whether to buy, hold...
The amendment to the 2019 Universal Registration Document was filed in French with the French Financial Markets Authority (AMF) on Thursday, April 30, 2020, under no D.20-0184-A01, as a result of the decisions taken by Kering’s Board of Directors on April 21, 2020.
Gucci sales were hit hard early in the coronavirus crisis due to the fashion group's reliance on Chinese customers, owner Kering <PRTP.PA> said on Tuesday, adding that it was premature to say how quickly China sales would rebound. The health crisis first hit China - a major market for high-end goods - late last year before spreading elsewhere, and several European countries, including Italy and France as well as the United States, have since gone into lockdown to try to cope. Kering sales fell 15.4% to 3.2 billion euros ($3.47 billion) in the first quarter, impacted, like its rivals, by store closures and also by the shutdown of production sites in Europe.
Kering's fashion powerhouse Gucci plans to reopen prototype activities at one of its main Italian sites next week after reaching a deal with unions on health and safety measures for workers, it said on Saturday. Most businesses and production sites have been shut across Italy under a lockdown imposed by the government in March due to the coronavirus emergency. Tough restrictions on movement and the closure of many economic activities will remain in place until at least May 3, but there is not yet any clear plan over to what extent, or how gradually, they will then be relaxed.
François-Henri Pinault, the French billionaire chairman and CEO of luxury goods group Kering <PRTP.PA>, has agreed to a pay cut in the latest example of top executives accepting lower salaries as a gesture of solidarity during the coronavirus crisis. "Given the current context of the COVID-19 pandemic and its impact on economic activity, François-Henri Pinault, Chairman and CEO of Kering, has decided to reduce the fixed portion of his salary by 25% from April 1st, until the end of 2020," Kering said on Friday. "In addition, François-Henri Pinault and Jean-François-Palus, Group Managing Director, have decided to waive the entirety of the variable portions of their annual remuneration for 2020," added the company.
The latest analyst coverage could presage a bad day for Kering SA (EPA:KER), with the analysts making across-the-board...
High-end fashion labels Saint Laurent and Balenciaga will start making face masks to ease shortages during the coronavirus crisis, their French parent group Kering said on Sunday. Dwindling stocks of protective gear across France have angered doctors and prompted police unions to threaten to walk off the job - complaints echoed in Spain and Italy. Paris-based Kering <PRTP.PA>, which also owns Italian brand Gucci, said Saint Laurent and Balenciaga would start manufacturing the gear in their workshops as soon as their processes and materials got formal approval.
Kering <PRTP.PA>, the French luxury goods group behind brands such as Gucci, said on Friday it expected comparable sales to fall by around 15% in the first quarter as the coronavirus outbreak saps demand and forces it to close stores. The health crisis first hit China - a major market for high-end wares - before spreading elsewhere, and several European states including Italy, Spain and France have gone into lockdown to try to cope. Gucci is one of the world's biggest luxury labels by sales and had been booming in recent years.
Global luxury brands including Gucci and Louis Vuitton are scaling back orders with Italian suppliers, as the spread of the coronavirus from key market China to major manufacturing hub Italy hits business across the sector, industry sources said. Italy, home to scores of specialist manufacturers of high-end goods from shoes and leather goods to menswear, has seen the biggest epidemic of the virus outside China, prompting Rome to impose a virtual lockdown over much of its wealthy north.
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for...
Gucci-owner Kering has temporarily shut half of its stores in China, and shelved new openings and advertising campaigns there, as the coronavirus outbreak throws luxury brands into turmoil. The French group, which also owns Saint Laurent and Balenciaga, remained upbeat about its longer-term prospects as it beat fourth-quarter sales forecasts on Wednesday. "We are seeing a sharp drop in traffic and sales in mainland China," Chairman Francois-Henri Pinault said, adding shops that remained open, including in Hong Kong, were on reduced hours.
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French fashion label Saint Laurent, part of Kering <PRTP.PA>, will open a new manufacturing site for handbags and wallets outside Florence, the latest luxury house to expand its presence in Italy's leather goods heartland. Saint Laurent's President and CEO Francesca Bellettini told reporters on Friday the label would move 340 workers to the new 29,000 square-metres site in the industrial district of Scandicci and hire around 300 more people. Saint Laurent signed a 27-year contract with Italian state holding Cassa Depositi e Prestiti to rent out two buildings which had long been abandoned but will be renovated and handed over to the label in September 2022.