Temu Sales of Cheap Knockoffs Are Soaring. The Threat to Brands Like Gucci and Hermès.
Online Chinese discounters like Temu now offer ultracheap items—“dupes”— that look remarkably similar to fancier goods, even if they don't stand up to scrutiny.
Gucci-owner Kering joins Burberry at new lows as brokers fret over recovery
Kering SA (EPA:KER) joined fellow luxury goods supplier Burberry in the doghouse as it got a downgrade from two City investment houses. Burberry hit a fifteen-year low on its downgrade from Barclays, but the bank also downgraded Gucci-owner Kering which hit a seven-year as it also got a downgrade from Canadian bank RBC.
Kering share price: here's why Gucci parent is falling apart
Kering (KER) share price has imploded this year as concerns about its strategy and business growth continued. It has dropped in the last two consecutive months, moving to its lowest point since August 2017.
Is Gucci Dead? Think Again
Kering's shares are plummeting due to a demand pullback and brand reinvention, with Gucci experiencing a significant revenue drop. Gucci's revitalization efforts may take years to show results, but historical data suggests the brand's resilience and potential for future success. Kering's strong fundamentals, including substantial insider ownership and a focus on luxury brands, position it as a beaten down quality growth business with long-term value creation potential.
Kering: Rating Downgrade On Poor H2 2024 Outlook
Kering's recent financial results were disappointing, with a sharp decline in sales driven by poor performance in major brands, especially Gucci. The near-term outlook for Kering is weak due to a slowdown in luxury spending in China, with no positive catalysts to drive demand. The need for further brand investments is putting pressure on margins.
Kering SA (PPRUF) Q2 2024 Earnings Call Transcript
Kering SA (OTCPK:PPRUF) Q2 2024 Earnings Conference Call July 24, 2024 9:15 AM ET Company Participants Armelle Poulou - CFO Francesca Bellettini - Deputy CEO Jean-Marc Duplaix - Deputy CEO Conference Call Participants Anne-Laure Bismuth - HSBC Melania Grippo - BNP Paribas Edouard Aubin - Morgan Stanley Luca Solca - Bernstein Charles-Louis Scotti - Kepler Cheuvreux Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Piral Dadhania - RBC Niccolo Serra - Bank of America Rogerio Fujimori - Stifel Chiara Battistini - JPMorgan James Grzinic - Jefferies International Armelle Poulou Good evening to all of you, and welcome to Kering's 2024 First Half Results Call. Before I go over our operational and financial highlights.
Gucci-owner Kering drops to seven-year low after weak forecast, revenue drop on low China sales
Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.
Gucci's Owner Lost His Patience. What Came Next Was a Grand Reinvention.
LONDON—Hours before a star-studded runway show at the Tate Modern museum in May, Gucci's billionaire owner, François-Henri Pinault, huddled with his newly installed leadership team at its London office to figure out where one of the world's most iconic brands was headed.
Kering: The Epic Comeback Is Possible
Kering's price per share has dropped by about 60% in 3 years due to strategic choices, real estate investments, and shrinking Chinese demand. Gucci's creative director Alessandro Michele leaving and China's economic slowdown are major factors impacting Kering's performance. Despite challenges, Kering's competitive advantage remains strong, and potential for recovery exists, especially with Alessandro Michele's new role at Valentino.
Watches of Switzerland, Richemont, Kering top picks in ‘hard luxury' sector - analyst
RBC has tipped ‘hard luxury' stocks Watches of Switzerland Group PLC (LSE:WOSG), Richemont and Kering as preferred plays in the luxury sector over ‘soft luxury' stocks, although analysts also gave LVMH an outperform rating. Hard luxury items refer to watches, jewellery, and other durable luxury goods, while soft luxury items typically include fashion, leather goods, accessories, and high-end apparel.
