Kering S.A. (PPRUY)
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Kering: No Signs Of Recovery At All
Kering's Q2 results confirm ongoing crisis: group revenue fell 15% y/y, with Gucci sales plunging 25% and no signs of recovery. Weakness is now broad-based, as even previously resilient brands like YSL and Bottega Veneta are faltering, leaving no reliable growth driver. No creative reset for Gucci until 2026 means multiple quarters ahead with no product-led catalyst and potential continued erosion of brand equity.
Kering SA (PPRUF) Q2 2025 Earnings Conference Call Transcript
Kering SA (OTCPK:PPRUF) Q2 2025 Earnings Call July 29, 2025 ET Company Participants Armelle Poulou - Chief Financial Officer Francesca Bellettini - Deputy CEO Jean-Marc Duplaix - Deputy CEO & COO Conference Call Participants Antoine Belge - BNP Paribas Exane, Research Division Carole Gladys Madjo - Barclays Bank PLC, Research Division Charles-Louis Scotti - Kepler Cheuvreux, Research Division Chiara Battistini - JPMorgan Chase & Co, Research Division Edouard Aubin - Morgan Stanley, Research Division Erwan Rambourg - HSBC Global Investment Research James Robert Grzinic - Jefferies LLC, Research Division Louise Susan Singlehurst - Goldman Sachs Group, Inc., Research Division Oliver Chen - TD Cowen, Research Division Thomas Vincent Chauvet - Citigroup Inc. Exchange Research Zuzanna Pusz - UBS Investment Bank, Research Division Operator Welcome to the Kering 2025 First Half Results Conference Call and Webcast. Please be advised that today's conference is being recorded.
Gucci owner Kering mulls IPO of Valentino stake
Gucci owner Kering SA (EPA:KER) and Qatar investment fund Mayhoola are reportedly mulling the sale of Italian fashion house Valentino. An initial public offer is one of the options being considered for the historic fashion house, Italian newspaper Corriere della Sera reported, citing multiple sources.
From Wheels to Heels: Veteran Car CEO Gets Mission to Revive Gucci Owner
Renault boss Luca de Meo is preparing for an unconventional move to Kering, whose other brands include Saint Laurent and Balenciaga.
Kering bets on Renault boss Luca de Meo to revive Gucci
Francois-Henri Pinault, the billionaire heir who has headed up the French fashion house Kering Group for the past 20 years, has picked the CEO of automaker Renault to be his successor. The stock market's reaction?
Kering shares surge on reports it's luring auto exec to run Gucci maker
Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault's chief executive to run the company.
Major events in the history of French fashion group Kering
Gucci owner Kering is reported to be close to appointing Renault's ex-boss Luca de Meo as its new CEO.
Shares of Gucci-owner Kering pop 7% on reports de Meo will be next CEO
Kering shares were trading up 7.2% by 8:34 a.m. London time as investors and analysts cheered reports that industry outsider Luca de Meo was set to become group CEO.
Gucci owner Kering brings on board Renault saviour
Renault's saviour has been asked to perform his magic in the fickle world of luxury fashion. Luca de Meo, credited with reviving the fortunes of the French carmaker, is set to become the next chief executive of Kering SA (EPA:KER), the group behind Gucci, Yves Saint Laurent and Balenciaga.
Kering shares rise after report Renault's De Meo to become new boss
Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm.
Kering: Downgrade To Sell As I Expect More Earnings Pressure Ahead
I downgrade Kering to a sell rating due to poor performance, particularly in China and Gucci, with no signs of near-term recovery. Kering's 1Q25 revenue fell 14% y/y, with declines across all major regions and brands, notably Gucci's 25% y/y drop. Gucci's ongoing struggles, including weak in-store traffic and ineffective product refreshes, are severely impacting Kering's overall earnings.
Shares in Gucci Owner Kering Fall After Sales Disappoint
The stock fell after the owner of Gucci and Yves Saint Laurent posted sales below analysts' expectations, unnerving investors as the group navigates a slowdown in luxury-goods spending.
