Key Developments: Kering SA (PRTP.PA)

PRTP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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 distributes FY 2013 dividend-NYSE Euronext
Sunday, 6 Apr 2014 08:00pm EDT 

Kering SA:Proceeds to FY 2013 cash dividend distribution of 2.25 euros per share - NYSE Euronext.Record date May 12.Ex-dividend May 8.Payment date May 13.Paying agency CACEIS CT.  Full Article

Kering to propose share repurchase program
Thursday, 27 Mar 2014 08:00pm EDT 

Kering SA:To propose share repurchase program to annual general meeting.Program would authorize repurchase of up to 10 pct of capital (12,622,676 shares as at March 1).Maximum price per share 220 euros per share.Total maximum that could be spent 2,776,988,742 euros.Authorization valid for 18 months.  Full Article

CFDT union backs terms of Kering SA's sale of La Redoute-Reuters
Sunday, 23 Mar 2014 08:00pm EDT 

Kering SA:CFDT trade union to back restructuring plan put forward by La Redoute, a move that may allow buyout from owner Kering to go ahead-Reuters.Kering had said rejection of deal and its accompanying severance packages for some employees, already signed by the CFE-CGC union, would prevent completion of the proposed sale to La Redoute's chief executive Nathalie Balla and Eric Courteille for 1 euro.  Full Article

Unions refuse to sign memorandum of understanding on restructuring plan required for Kering SA's sale of La Redoute-Le Figaro
Thursday, 20 Mar 2014 08:00pm EDT 

Kering SA:CFDT, CGT and SUD trade unions refuse to sign memorandum of understanding on restructuring plan for La Redoute-Le Figaro.Agreement on restructuring measures is condition for sale of La Redoute to two of its managers by Kering.La Redoute's management had given unions until 2 pm on March 21 to sign, otherwise they would bring the matter before commercial tribunal.CFE-CGC was prepared to sign agreement.  Full Article

Kering SA announces additional FY 2013 dividend and gives FY 2014 outlook
Friday, 21 Feb 2014 01:01am EST 

Kering SA:Says at the Annual General Meeting of June 18, 2013, its shareholders authorized the payment of an additional cash dividend of 2.25 euros per share (following an interim cash dividend of 1.50 euro paid on Jan. 24).Says it has also been voted to distribute an additional dividend in the form of Groupe Fnac shares at a ratio of one Groupe Fnac share for every eight Kering shares held.Forecasts growth for both its revenue and recurring operating income in 2014.FY 2013 revenue 9,748 million euros, recurring operating income 1,750 million euros.Fy 2014 revenue 10,305 million euros, EBIT 1,916 million euros - Thomson Reuters I/B/E/S Estimates.  Full Article

Kering SA to distribute FY 2013 interim dividend
Friday, 20 Dec 2013 11:40am EST 

Kering SA:Says it has decided to distribute an interim dividend of 1.50 euro per share for the financial year 2013.Says this interim dividend will be paid on Jan. 24, 2014.Says the ex-dividend date will be Jan. 21, 2014 and the last trading day with interim dividend rights is Jan. 20, 2014.  Full Article

Employees of La Redoute demonstrate to demand guarantees from Kering SA-Agence France Presse
Friday, 13 Dec 2013 06:40am EST 

Kering SA:Employees of La Redoute demonstrated in Roubaix to demand guarantees for their jobs from Kering SA-Agence France Presse.Kering has agreed to sell La Redoute to its management and to recapitalize the company before the sale is finalized.The sale should be finalized in Q1 2014.  Full Article

Kering SA to sell La Redoute for one euro-Reuters
Thursday, 5 Dec 2013 02:52pm EST 

Kering SA:Kering will sell La Redoute to Nathalie Balla and Eric Courteille for one euro-Reuters.Kering will recapitalize La Redoute before the sale.  Full Article

Kering plans to take eyewear business in-house

PARIS, Sept 2 - Kering, the French luxury group behind the Gucci and Yves Saint Laurent brands, is creating a in-house eyewear division to tighten control over the business and gradually take back all of it licences.

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