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KERING SHARES
Global Market: European stocks edge lower as Kering slumps, oil prices riseEuropean shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampen...- Chinese spending curbs weigh on Hermes salesRevenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International sa...
- France unrest leaves global brands with a burning problemFrance’s weekend unrest has left luxury boutiques and mainstream retailers grappling with vandalism, looting and disrupted trade. While bra...
- Salma Hayek's billionaire husband pledged $113 million to save 863-year-old Notre-Dame Cathedral after fire destruction. 5 years later, the historic monument rose from the ashes and welcomed visitorsWhen a devastating fire tore through Paris’ 860-year-old Notre-Dame Cathedral in April 2019, Salma Hayek’s billionaire husband François-Hen...
- LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...
- Global Market: European shares gain as miners, energy stocks lead; investors track Middle East tensions, earningsEuropean stocks saw a slight increase, driven by strong mining and energy sectors. Commodity prices surged, influencing gains in these key ...
- Global Markets | European shares flat as investors take stock of mixed earnings updatesEurope's benchmark share index was subdued on Tuesday as shares of BP fell after the energy giant suspended share buybacks, while gains in ...
- Gucci owner sells beauty unit to L'Oreal for $4.7 billionIn a bold strategic shift, Kering, the parent company of Gucci, has decided to offload its beauty division to L'Oreal for a hefty $4.7 bill...
- Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debtGucci owner Kering is selling its beauty division to L'Oreal for 4 billion euros. This major deal includes the fragrance brand Creed and lo...
- Kering to pay new CEO Luca de Meo signing-on bonus of around 20 million euros as he leaves RenaultKering is set to propose a €20 million signing bonus for its incoming CEO, Luca de Meo, to offset losses incurred from his departure from R...
- European shares edge higher after weekly declines; Kering jumpsEuropean shares were slightly higher on Monday, after rounding off last week with losses, as some corporate news-driven gains limited decli...
- Renault boss De Meo quits; report says he will head Gucci-owner KeringLuca de Meo, the Renault CEO, is departing. He might head to Kering, the owner of Gucci. De Meo successfully turned around Renault. He over...
- European luxury companies' $240 billion rout is just the beginningOnce seen as Europe's answer to the US "Magnificent Seven" tech megacaps, shares in companies producing high-end clothing, handbags and jew...
- Kering Q1 Results: Gucci-owner posts 10% drop in sales on sluggish Chinese demandThe group said its first half operating profit would be "sharply lower" due to the revenue decline and its ongoing investment in its brands...
- Gucci's new designer Sabato De Sarno unveils minimalist glamour in debut collection at MilanGucci's new designer, Sabato De Sarno, showcased a minimalist collection in his highly anticipated debut fashion show. The collection featu...
- Strong earnings boost European shares amid Ukraine concernsThe pan-European STOXX 600 index gained 0.2% by 0813 GMT. France's CAC 40 added 0.6%, Germany's DAX climbed 0.3%, while UK's FTSE 100 slipp...
- LVMH shares rise after fashion group reports solid fourth-quarter resultsLVMH shares were up 1.3% in early session trading, among the top performers on France's benchmark CAC-40 equity index, and also lifting the...
- Paris billionaire rivalry fuels pursuit of Tiffany, MonclerThe rivalry, more than two decades in the making, has defined the modern luxury industry and shows no signs of ending. Since 2001, when Ker...
- European shares make a tentative rebound; Bank shares weighThe tech sector was slightly in the red, down 0.2 per cent.
- Gucci owner Kering may acquire sports brandsAny deal will hinge on Kering’s ability to reverse the fortunes of Puma, Europe’s second-largest sporting-goods maker, which has been under...
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