Kepler Cheuvreux analyst Charles-Louis Scotti upgraded Kering (PPRUY) to Buy from Hold with a price target of EUR 350, up from EUR 250. The ...
He said that it "makes no sense" to shift production out of Europe, as the group's culture and heritage is part of its "promise" to customers.
Mélanie Flouquet, now chief strategy officer, is expected to take up the new position on March 1, with Boston Consulting ...
Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.
Kering's challenging performance is driven by economic pressures. Read why PPRUF stock may recover, supported by strong demand in Japan and cyclical trends.
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 ...
Kering SA's revenue decline reverses as new products drive recovery. Performance in non-Gucci brands strengthens outlook. Click for my PPRUF earnings update.
The fall in revenue comes as some peers have signaled a potential rebound in demand for luxury goods.
Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of ...
Billionaire Pinault, owner of iconic brands such as Gucci and Balenciaga, has decided to increase his investments in a sector ...
The brand, which accounted for 63 percent of Kering’s operating profit in 2024, is poised for an extended period of turmoil following the exit of creative director Sabato de Sarno last week after less ...
The French luxury group reported better-than-expected sales on Friday, pushing its market cap above 300 billion euros for the ...