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.
Shares of Gucci-owner Kering drop after first-quarter sales slump
Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead. Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9 billion euros ($4.4 billion), below the 4.01 billion euros forecast by LSEG analysts.
Kering SA (PPRUF) Q1 2025 Sales/ Trading Statement Call
Kering SA (OTCPK:PPRUF) Q1 2025 Sales/ Trading Statement Call April 23, 2025 12:00 PM ET Company Participants Armelle Poulou - Group Chief Financial Officer Francesca Bellettini - Deputy Chief Executive Officer, Brand Development Claire Roblet - Head of Investor Relations Conference Call Participants Chiara Battistini - JPMorgan Erwan Rambourg - HSBC Oliver Chen - TD Cowen Antoine Belge - BNP Paribas Exane Adrien Duverger - Goldman Sachs Zuzanna Pusz - UBS Edouard Aubin - Morgan Stanley Luca Solca - Bernstein Charles-Louis Scotti - Kepler Cheuvreux Ashley Wallace - Bank of America Carole Madjo - Barclays Atiyyah Vawda - Avior Operator Welcome to the Kering 2025 First Quarter Revenue Conference Call and Webcast. Please be advised that today's conference call is being recorded.
Gucci Owner Kering Posts Weak Sales as Slowdown in Luxury Spending Persists
Kering faced a difficult start to the year,” Chief Executive Francois-Henri Pinault said. Kering last month turned to Demna Gvasalia to take the reins of Gucci's designs.
Gucci parent Kering's shares plummet on pick of new design chief: ‘Who is driving the bus?'
Kering's shares fell by up to 13% in Paris and posted their worst day in almost a year following the appointment of the Balenciaga designer.
Kering: Here's how one name cost the Gucci owner £2.6 billion
Never has a single name destroyed so much value in such a short space of time. Kering SA (EPA:KER) shares slumped 11% in early Friday trading after the luxury group picked Demna, Balenciaga's creative force, to revive Gucci.
Kering's Shares Drop After Appointment of Demna as Gucci's New Artistic Director
The French luxury-goods company named Demna Gvasalia as the new artistic director of its flagship label Gucci, as the group seeks a brand turnaround amid a challenging market backdrop for luxury names.
