Kering Sa Stock News

Hermès’ underwhelming fourth-quarter sales growth reflects a very different business model to rivals Kering and LVMH.

Hermès’ underwhelming fourth-quarter sales growth reflects a very different business model to rivals Kering and LVMH.

Kering Earnings, Revenue Beat in Q4

© Reuters. FILE PHOTO: The logos of French luxury group Kering and fashion house Balenciaga are pictured on Kering headquarters in Paris, France, April 20, 2020. REUTERS/Charles Platiau By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) – Gucci owner Kering (PA:) said on Thursday it was on the hunt for possible acquisitions and might expand …

Another busy earnings day in Europe was overshadowed by headlines from the Russia Ukraine crisis.

Kering CEO Francois-Henri Pinault told CNBC he''s confident Gucci will continue to deliver growth for the company this year, following record revenues in 2021.

Futures Slide Following Reports Of Ukraine Shelling It was a relatively quiet overnight session until just before 11pm ET on Wednesday, when Russia''s RIA Novosti news agency reported that Russian-backed separatists claimed Ukrainian forces had violated cease-fire rules in four places with a message posted on the self-proclaimed Donetsk People''s Republic (DNR)’s Telegram channel claiming that "the situation on the line of contact has sharply escalated. The enemy is making attempts to unleash active hostilities." This was followed promptly by the Ukrainian government returning the accusation and pointing the finger at separatists as being behind the shooting. Amid the he fired, she fired confusion, monitors from the Organization for Security and Cooperation in Europe (OSCE), which has been observing the situation in eastern Ukraine, recorded numerous shelling incidents along the line of contact in Donbas on Thursday morning, a diplomatic source told Reuters. The breathless reporting was enough to send US equity futures tumbling 30 points in just a few seconds… ... while Treasury yields also collapsed... ... and gold spiked higher When the smoke had settled - so to speak - U.S. equity futures dropped 15 points or 0.34% to 4455, reversing much of the overnight loss, with Nasdaq and Dow futures down 0.52% and 0.28% respectively, while Europe’s Stoxx 600 Index was little changed and Asian shares edged up.

PARIS (Reuters) – French luxury group and Gucci owner Kering is eyeing second- and third-tier cities for possible store expansion in the United States, where its sales are booming, Chairman and CEO Francois-Henri Pinault said on Thursday. Pinault said the group was considering cities like Atlanta, Charlotte and Austin, adding there was room for the … Read More

Online sales for Gucci parent company Kering were up 55% in 2021, a key driver in the company's overall upward trend across its earnings results, according to a Thursday (Feb. 17) press release, which

François-Henri Pinault, Chairman & CEO of Kering, tells CNBC that M&A is an important part of the company's strategy going forward.

PARIS (Reuters) – Kering’s boss said on Thursday acquisitions could make sense in the near future for the group, the strongest indication to date that the luxury giant could move further into M&A.

Kering CEO Francois-Henri Pinault told CNBC he's confident Gucci will continue to deliver growth for the company this year, following record revenues in 2021.

Kering on Thursday reported fourth-quarter revenue jumped nearly a third, beating expectations over the holiday period as marketing investments and 100th anniversary promotion events helped boost the popularity of its top brand Gucci.

The strong comeback by Gucci after a disappointing third quarter will come as a relief for Kering, as the label accounts for 60% of its revenues and around 70% of its profits

PARIS (Reuters) – Kering reported sharp growth in fourth-quarter sales on Thursday, beating expectations over the holiday period as marketing investments and 100th anniversary events helped boost the popularity of its top Gucci brand.