CNBC's Robert Frank reports on spending pull backs from the luxury consumer and what it could be signaling for the economy at large.

Luxury brands see impacts of global slowdown

12:16pm, Wednesday, 25'th Oct 2023
CNBC's Robert Frank reports on the future of the luxury consumer.
Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution.
As Sarah Burton Leaves Alexander McQueen, so does any diversity among the heads of Kering's many fashion houses.

Kering: Encouraging Changes

04:55am, Friday, 29'th Sep 2023
Kering acquired a 30% stake in Valentino and the high-end French fragrance label Creed. De Sarno's first Milanese show was mixed, but we believe that "Gucci is here to Stay." The company delivered sol
Kering's first half results show slow top-line growth and several organizational changes, but also reinforced M&A. The debut of Gucci's new creative director was a promising success, enhancing the bra
Luxury retail stocks, such as brands LVMH (MC.PA), Kering (KER.PA), and Richemont (CFR.SW), have fallen off tremendously, reversing their year-to-date profit gains. Morgan Stanley analysts have decrea
Kering's management shakeup and focus on accelerating Gucci's growth is a promising sign for the company's future. The introduction of new creative designer Sabato De Sarno and planned brand initiativ
Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either American Eagle Outfitters (AEO) or Kering SA (PPRUY). But which of these two stocks offers value inv
Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about
The theory is that more brands makes a company more efficient, powerful and profitable. But it doesn't always work out that way and history offers some cautionary tales.

Gucci-Owner Kering Buys Stake in Valentino

02:18pm, Thursday, 27'th Jul 2023
The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed.
Luxury giants LVMH, Moncler and Kering will be posting first-half results this week, with outlook and performance in China as the key theme according to Deutsche Bank. Analysts at the British arm of t
The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more of the booming global market in luxury goods.
Salma Hayek's husband François-Henri Pinault is reportedly in talks to buy CAA in a deal that would value the Hollywood mega agency at over $7 billion.
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