Kering shares plunge 10% after Demna Gvasalia named as Gucci's artistic director
Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.
Kering shares down 10% after appointment of Demna as Gucci designer
Kering shares tanked on Friday morning after the group led by Francois-Henri Pinault chose to bet on subversive in-house talent Demna to reinvigorate its Gucci label rather than hiring a big-ticket name from fashion's overheating job market.
Gucci Names Balenciaga's Demna as Artistic Director
Kering appointed Demna Gvasalia as artistic director of Gucci, turning to the Balenciaga designer to inject new life into its flagship brand at a difficult time for the industry.
Kering appoints Demna as artistic director of Gucci
Kering has appointed Demna as the artistic director of Gucci, the French luxury group said on Thursday.
Kering's CEO says Gucci and other brands will absolutely not shift production to the US to counter Trump's tariffs
Kering's CEO said he has no plans to shift production out of Europe to counter Trump's tariffs. He said that most of the group's production is in Italy and France, which is part of its heritage.
Kering SA (PPRUF) 2024 Full Year Earnings Call Transcript
Kering SA (OTCPK:PPRUF) 2024 Full Year Earnings Conference Call February 11, 2025 2:30 AM ET Company Participants François-Henri Pinault - Chairman and Chief Executive Officer Francesca Bellettini - Deputy CEO, Brand Development Jean-Marc Duplaix - Deputy CEO, Chief Operating Officer Armelle Poulou - Group Chief Financial Officer Conference Call Participants Edouard Aubin - Morgan Stanley Antoine Belge - Exane BNP Paribas Erwan Rambourg - HSBC Zuzanna Pusz - UBS Luca Solca - Bernstein Thomas Chauvet - Citi Louise Singlehurst - Goldman Sachs Ashley Wallace - Bank of America Merrill Lynch François-Henri Pinault Good morning to all of you. I am pleased to welcome you Kering's 2024 Full Year Result presentation.
Kering: Annual Report Fuels Optimism
Kering SA's revenue and profitability have declined sharply, but the worst seems behind us, making it an attractive buy at current low valuations. Gucci's sales slump is significant, but new products show promise, indicating potential for recovery and improved financial structure. Bottega Veneta, Kering Eyewear, and Kering Beauté are performing well, reducing dependency on Gucci and showcasing brand strength.
Kering says group has reached 'inflection point' after a tough year
Kering shares rise after the luxury group's fourth-quarter results, but questions remain on the turnaround of the star Gucci brand.
Gucci owner Kering's results disappoint with Italian fashion house leading the decline
Kering SA (EPA:KER) reported a 12% drop in fourth-quarter sales to €4.39 billion (£3.76 billion), with Gucci taking the biggest hit. Sales at the Italian fashion house fell 24%, worse than analyst expectations of a 19% decline.
Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%
French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The luxury fashion group posted a 12% decline in fourth-quarter revenues to 4.39 billion euros ($4.52 billion), just slightly ahead of the 4.29 billion euros forecast.
Gucci sales slump continues as Kering seeks new designer
French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its Italian brand Gucci, but flagged a slight improvement in major markets China and the United States.
3 Reasons Why Kering Can Outperform Following 2024 Collapse
Kering's stock is on one of its worst runs since 1994. The cost of living crisis is the main headwind facing the company, which should be cyclical. The company's booming business in Japan, which was triggered by a currency devaluation, indicates customers still crave the company's brands.
