Paris - Delayed Quote ? EUR Kering SA (KER.PA) Follow Compare 231.15 -8.95 (-3.73%) As of 9:35 AM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations LVMH Leads Luxury’s Commitment to China at CIIE in?Shanghai "As I am in the middle of China, I can say that Shanghai is very busy as usual. It is still the place where you can build important projects," said Marc-Antoine Jamet, general secretary of LVMH. WWD ? 2 days ago MC.PA -1.76% PPRUY Which French Stocks to Choose for a Bet on Luxury? Economic uncertainties, geopolitical tensions, and inflationary pressures are mounting, casting a shadow over what has historically been a resilient market. FX Empire ? 3 days ago PPRUY Kering Commits to New Science-based Biodiversity, Nature?Targets By 2030, the luxury group aims to cut fresh water use by 21 percent and land use by 3 percent, and source no leather from deforested lands. WWD ? 7 days ago PPRUY Kering, Centre for Sustainable Fashion launch governance initiative Global luxury group Kering has partnered with the Centre for Sustainable Fashion at London College of Fashion to launch a programme that will place sustainability at the centre of fashion industry decision-making. Just Style ? 8 days ago PPRUY Kering, London College of Fashion Explore Alternative Governance Frameworks With New?Program The three-year program, Governance for Tomorrow, marks the 10th anniversary of the partnership between the Centre for Sustainable Fashion and the McQueen and Gucci owner. WWD ? 9 days ago PPRUY Sales at Moncler slip 3% in third quarter as demand weakens globally MILAN (Reuters) -Revenues at Italian luxury outerwear maker Moncler fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets. Kering last week reported a larger than expected 16% drop in quarterly sales on a comparable basis. Moncler Chief Corporate and Supply Officer Luciano Santel told analysts that China's Golden Week in early October had gone well and better than last year, but "it is just a week". Reuters ? 9 days ago PPRUY EXCLUSIVE: Kering Launches Generation Award in Saudi?Arabia In partnership with the Saudi Fashion Commission, it will be the third iteration of the annual prize for sustainable start-ups following China and Japan. WWD ? 9 days ago PPRUY Kering projects a 47% operating income drop in 2024 Declines at Gucci and Yves Saint Laurent in the third quarter were offset slightly by an uptick at Bottega Veneta, but the company’s overall downward trend persisted. Fashion Dive ? 14 days ago PPRUY Gucci Has Problems. The Biggest May Be a Safe New Look The Italian brand’s owner, Kering, issued its third profit warning in a row as demand for a toned-down Gucci disappoint. The Wall Street Journal ? 14 days ago BBRYF BURBY PPRUF Kering shares up, shrugging off 2024 operating profit warning Shares in Gucci-owner Kering rose on Thursday, shrugging off the French luxury goods company's warning that 2024 operating income would almost halve to its lowest in years due to weak demand in China. Kering shares were up 0.5% at 0729 GMT, after positive results from rival Hermes helped lift the broader luxury sector. The owner of fashion brands Saint Laurent, Balenciaga and Bottega Veneta also posted a larger-than-expected 16% drop in third-quarter revenue. Reuters ? 15 days ago PPRUY France's Kering warns on 2024 operating profit as Gucci sales fall PARIS (Reuters) -Kering warned on Wednesday its 2024 operating income would almost halve to its lowest in years as weak demand in China deepened the struggles of the French luxury goods group's main label Gucci. The group which also owns fashion brands Saint Laurent, Balenciaga and Bottega Veneta posted a larger-than-expected 16% drop in third-quarter revenue to 3.79 billion euros ($4.08 billion). Kering said its 2024 recurring operating income could be about 2.5 billion euros compared with 4.75 billion euros a year earlier, following the slowdown in the quarter and "major uncertainties" likely to weigh on demand in coming months. Reuters ? 15 days ago PPRUY Kering Deepens Austerity Measures as Profit Outlook?Worsens Layoffs, store closures and contract renegotiations are on the menu after a tougher-than-expected third quarter. WWD ? 15 days ago PPRUY Kering: Press Release - Revenue for the third quarter of 2024 Kering_Press release Q3 24 _23 10 24 PRESS RELEASE October 23, 2024 REVENUE FOR THE THIRD QUARTER OF 2024 Group third-quarter revenue: €3,786 milliondown 15% as reported and down 16% on a comparable basis “With discipline and determination, we are executing a far-reaching transformation of the Group, and at Gucci in particular, at a time when the whole luxury sector faces unfavorable market conditions. This severely impacts our performances in the short term. Our absolute priority is to build th GlobeNewswire ? 15 days ago PPRUF PPRUY Gucci Owner Kering Loses a Long-Standing Bull Just Days Before Sales Update (Bloomberg) -- One of Kering SA’s longest-standing bulls has thrown in the towel, dealing another blow to the Gucci-owner just days ahead of a sales update.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionA Broken Oil Pipeline Plunges South Sudan’s Capital Into ChaosDrug Decriminalization Spawns a Political Debacle for ProgressivesCities Look to AI to Flag Residents’ Trash and Recycling MistakesHow Kyiv Became a Leader in Digital Services Amid Wartime StrainCitibank Inc. Bloomberg ? 17 days ago PPRUY Shuffle Board: Nike Names NA VP, Modern Meadow Promotes?CEO Tom Peddie becomes Nike’s vice president, general manager of North America, while David Williamson moves from COO to CEO of Modern Meadow. 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Yahoo Finance UK ? 20 days ago HON CAJFF CAJPY Kering: Monthly statement on the total number of shares and voting rights (October 2024) Kering - Statement Number of Shares and voting rights - 15.10.2024 KeringSociété anonyme with a share capital of €493,683,112Head office: 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS October 18, 2024 Monthly statement on the total number of shares and voting rights(articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total number ofshares Total number of voting rightstheo GlobeNewswire ? 20 days ago PPRUF PPRUY Heard on the Street: Swiss Watches Wind Down in China Swiss watch exports to China hit the lowest levels since the depths of the Covid-19 pandemic, another sign Chinese luxury consumers have pulled back sharply. The value of watches shipped from Switzerland to Chinese retailers in September halved from a year earlier, data from the Federation of the Swiss Watch Industry showed Thursday. Shipments to Hong Kong, traditionally a hub for luxury watches, fell by a third. The Wall Street Journal ? 21 days ago PPRUF PPRUY SWGAF Tenley Zinke Joins Kering Americas as VP, Corporate Communications and Community?Engagement She has previously held communications roles at Fendi, Tiffany & Co., Ralph Lauren, Net-a-porter and LVMH, among others. WWD ? 22 days ago PPRUY Shuffle Board: Gucci Names CEO, NuOrder Hires Head of?Revenue Kering names Stefano Cantino as Gucci's CEO, while Chris Akrimi becomes the head of revenue for Lightspeed B2B / NuOrder. Sourcing Journal ? 27 days ago PPRUY Performance Overview Trailing total returns as of 11/8/2024, which may include dividends or other distributions. Benchmark is CAC 40 Return KER.PA CAC 40 YTD -39.61% -1.74% 1-Year -39.77% +6.09% 3-Year -61.75% +5.27%
