Kering Aktie News

French luxury group Kering has a healthy balance sheet that would allow for "incremental" mergers and acquisitions, Chief Financial Officer Armelle Poulou told analysts on Tuesday.

French conglomerate Kering—owner of Gucci, Yves Saint Laurent, Bottega Veneta and other luxury brands—reported on Tuesday a 10% drop in first-quarter sales, as its star label Gucci faces slowdown in China and undergoes a leadership overhaul.

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.

Kering - Press release - First-quarter 2024 revenue

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.