|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||444.50 - 459.50|
|52-week range||348.55 - 614.90|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||24.61|
|Earnings date||12 Feb 2020|
|Forward dividend & yield||7.00 (1.54%)|
|Ex-dividend date||05 May 2020|
|1y target est||524.67|
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 , 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 , 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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