Kering Aktie News

Kering - Press release - Arrangements AGM April 25, 2024 - EN

Gucci has slotted in another piece of its turnaround plan with the appointment of veteran communication executive Stefano Cantino as deputy chief executive after luring him away from Louis Vitton. Previously with Prada, Cantino is credited with raising the profit of Vitton with a series of A-lister events and museum-style exhibitions.

Während Rolex in der Schweizer Uhrenindustrie an der Spitze weiter einsam seine Kreise zieht, kann auch Richemont überzeugende Leistungen an den Tag legen.

Gucci's owner Kering has purchased a retail block in Milan for €1.3 billion, marking Europe's largest property sale since 2022. Via Monte Napoleone 8    Source: Kryalos Via Monte Napoleone 8, which was sold by Blackstone, houses sites for designer brands such as Prada and Saint Laurent.

Kering is buying a historic building in Milan's fashion district for roughly 1.3 billion euros ($1.41 billion), expanding its presence in one of the world's most iconic avenues.

Press release_Acquisition of an iconic building via Monte Napoleone_04 04 24_EN

Press release_Appointment Executive Committee 02 04 24

The French luxury conglomerate Kering, number two in the global luxury market, just issued a rare warning that first-quarter revenues are expected to decline 10% from last year's $5.5 billion (€5.1 billion) and projects its flagship brand Gucci to be off nearly 20%, down from $2.8 billion (€2.6 billion).