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Kering: After A Huge Drop, A Luxury Discount

08:40am, Wednesday, 15'th May 2024
Kering: After A Huge Drop, A Luxury Discount
Kering - Press release - Description of the Share Buyback Program - April 25, 2024
2024 Annual General Meeting Approval of all resolutions
The owner of Gucci saw its shares dive after warning on Kering's outlook for first-half profit.

Kering guides lower after weak Gucci sales

11:09am, Wednesday, 24'th Apr 2024
CNBC's Robert Frank reports on news from French luxury group Kering.
Tesla soars pre-market as it speeds up the plan for cheaper cars, investors overlook a big miss on earnings. Kering shares tumble as they warn profits will plunge.
Kering shares fell 8% on Wednesday after the French fashion house said it expects to see its profits drop by up to 45% in the first half of 2024 driven by a decline in revenue from its top money maker
Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Kering issues profit warning as Gucci sales plunge

03:33am, Wednesday, 24'th Apr 2024
Gucci and Yves Saint Laurent owner Kering issued a profit warning after its performance “worsened considerably” in the first quarter, blaming sluggish Chinese demand and restructuring at its fashi
Shares of French luxury group Kering sunk more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Kering could pursue 'incremental M&A', says CFO

01:43pm, Tuesday, 23'rd Apr 2024
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
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 ove
Kering - Press release - First-quarter 2024 revenue
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