Key Developments: Kering SA (PRTP.PA)

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Latest Key Developments (Source: Significant Developments)

Puma SE and Kering Eyewear sign partnership agreement for optical frames and sunglasses
Sunday, 5 Jul 2015 08:00pm EDT 

Puma SE:Puma and Kering eyewear, a company of Puma's majority shareholder Kering, have signed an eyewear partnership agreement for optical frames and sunglasses, fully effective January 2016.License agreement with Puma's current partner for the production and distribution of optical frames and sunglasses charmant will terminate at the same time.  Full Article

Kering SA says Pierre Bouissou to leave position of President and CEO of Boucheron
Monday, 27 Apr 2015 11:55am EDT 

Kering SA:Pierre Bouissou will be leaving his position as Boucheron president and CEO, effective April 27 to follow new professional challenges outside Kering group.Name of Pierre Bouissou successor to be announced in due course.  Full Article

Kering issues 500 mln euro bond
Friday, 20 Mar 2015 01:03pm EDT 

Kering SA:Says it has issued a 500 mln euro, 0.875 pct fixed-rate bond maturing in 7 years.  Full Article

Kering to propose FY 2014 dividend
Tuesday, 17 Feb 2015 01:30am EST 

Kering SA:Said to propose dividend of 4 euro per share for 2014, up 7 pct.  Full Article

Kering SA finalises product partnership with Safilo
Monday, 12 Jan 2015 11:48am EST 

Kering SA:Finalises its partnership agreement with Safilo, covering product development, manufacturing and supply of Gucci eyewear products.This agreement will be implemented from the fourth quarter of 2015 in order to ensure the proper transition of the Gucci eyewear activities before the early termination of the current Gucci license on Dec. 31, 2016.First of the three equal payments to Safilo, relating to the 90 mln euros agreed in compensation, has been made on Jan. 12.Second instalment will be paid in Dec. 2016 and the third in Sept. 2018.This product partnership is one of the key steps of Kering's strategic move aimed at building the in-house eyewear platform for its Luxury and Sport & Lifestyle brands.  Full Article

Kering announces 1.5 euros interim dividend for FY 2014
Monday, 8 Dec 2014 12:30pm EST 

Kering SA:Says Board of directors has decided to distribute interim dividend of 1.50 euros per share for FY 2014.Payment date is Jan. 26.Ex-dividend date is Jan. 22 in morning.  Full Article

Kering completes acquisition of haute horlogerie brand Ulysse Nardin
Wednesday, 19 Nov 2014 11:40am EST 

Kering SA:Completes acquisition of haute horlogerie brand Ulysse Nardin, in accordance with terms announced on July 30.Clearance from antitrust authorities received.  Full Article

Kering announces 500 mln euro bond issue
Thursday, 25 Sep 2014 11:47am EDT 

Kering SA:Says it has issued 500 million euro, 1.375 pct fixed-rate bond maturing in 7 years.Placement is managed by BNP Paribas, HSBC, Deutsche Bank, ING, Santander, Mizuho.  Full Article

Kering closes sale of La Redoute and Relais Colis
Tuesday, 3 Jun 2014 01:59am EDT 

Kering SA:Sale of La Redoute and Relais Colis to Nathalie Balla, current chairman and CEO of La Redoute, and Eric Courteille, chief administrative officer of Redcats, closed in accordance with conditions specified in sale's agreement.All commitments made within framework of disposal process fulfilled by Kering.  Full Article

Kering sets up new luxury-dedicated divisions
Thursday, 24 Apr 2014 11:35am EDT 

Kering SA:Sets-up, effective May 2014, Luxury - Couture & Leather Goods division and Luxury - Watches and Jewelry division, both reporting to Francois-Henri Pinault, company's Chairman & CEO.  Full Article

Kering in talks with Investindustrial over Sergio Rossi-source

MILAN, Aug 31 - Italian private equity firm Investindustrial has been discussing for months with French luxury group Kering a possible purchase of its Sergio Rossi shoe brand but a deal is still far away, a source close to the matter said on Monday.

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