Key Developments: Kering SA (PRTP.PA)

PRTP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Employees at Kering SA's La Redoute stage walkout-Agence France Presse
Wednesday, 4 Dec 2013 07:00pm EST 

Kering SA:Around 100 workers at La Redoute's site in La Martinoire a Wattrelos staged an unplanned walkout in protest against Kering's sale of the company to its management-Agence France Presse.The walkout lasted for about two hours.  Full Article

Kering SA enters into exclusive negotiations for the disposal of la Redoute and Relais Colis
Wednesday, 4 Dec 2013 10:33am EST 

Kering SA:Says it has taken the decision to enter into exclusive negotiations with Nathalie Balla, current chairman and CEO of La Redoute, who joined it in 2009, and Eric Courteille, Chief administrative officer of Redcats since 2009.Says that under the terms of the negotiation offer, the buyers would create a new entity and would invest in it in a personal capacity.Says this company would acquire all the shares of La Redoute, Redoute International and Relais Colis.  Full Article

Employees of Kering SA's La Redoute Demonstrate in Paris-Agence France Presse
Thursday, 21 Nov 2013 02:48pm EST 

Agence France Presse reported that hundreds of employees of Kering SA's La Redoute marched through Paris to the Company's headquarters. The workers fear the planned sale of La Redoute will result in at least 700 redundancies. Around 400 workers from the La Redoute sites in Roubaix and Wattrelos in norther France traveled to Paris for the demonstration.  Full Article

Kering SA Acquires Stake in Tomas Maier-Reuters
Monday, 18 Nov 2013 07:00pm EST 

Reuters reported that Kering SA has acquired a stake in American brand Tomas Maier. Kering SA did not wish to disclose whether it was a majority or minority stake.  Full Article

YOOX SpA in Joint Venture with Kering SA Announce New Brand Brioni
Monday, 18 Nov 2013 05:37am EST 

YOOX SpA announced together with Kering SA the entry of Brioni into the joint venture established in August 2012 to manage the mono-brand online stores of several Kering luxury brands. Brioni‚Äôs online store launches globally on November 18, 2013, thus bringing the number of digital boutiques managed by the joint venture to seven: alexandermcqueen.com, balenciaga.com, bottegaveneta.com, ysl.com, sergiorossi.com, stellamccartney.com - all live since June 2013 - and brioni.com. The joint venture has developed for Brioni both the online store and the institutional site through a single integrated solution.  Full Article

Employees of Kering SA's La Redoute to Demonstrate in Paris-Agence France Presse
Thursday, 14 Nov 2013 07:00pm EST 

Agence France Presse announced that employees of Kering SA's La Redoute will demonstrate in Paris on November 21, 2013. The employees want guarantees from Kering SA that they will not lose their jobs. Kering SA plans to sell La Redoute, which will involve 700 job losses.  Full Article

Employees of Kering SA's La Redoute Demonstrate in Lille-Reuters
Wednesday, 6 Nov 2013 07:00pm EST 

Reuters reported that approximately 1,000 people demonstrated in Lille against layoffs at Kering SA's La Redoute. 700 redundancies are planned at the Company.  Full Article

Employees of Kering SA's La Redoute to Demonstrate in Lille-DJ
Wednesday, 30 Oct 2013 08:00pm EDT 

Dow Jones reported that employees of Kering SA's La Redoute at its Wattrelos site voted to hold a demonstration in Lille on November 7, 2013 against restructuring plans. Workers at the Company's Roubaix site have also voted to take industrial action.  Full Article

Kering SA's La Redoute to Cut Approximately 700 Jobs; to Outsource Client Relationship Management; to Make Logistics Department into Subsidiary-Reuters
Tuesday, 29 Oct 2013 11:58am EDT 

Reuters reported that approximately 700 jobs will be cut at Kering SA's La Redoute as part of the project to sell the company, according to a trade union source. The trade union source said that Kering's Financial Director Jean-Marc Duplaix told unions that La Redoute's customer relationship management department, which has 180 staff, would be outsourced while the logistics department would become a subsidiary.  Full Article

Kering in Talks to Sell La Redoute
Thursday, 24 Oct 2013 11:40am EDT 

Kering announced that it has pursued the process of disposal of La Redoute, and is in talks with several potential buyers.  Full Article

Deals of the day- Mergers and acquisitions

(Adds ZF Friedrichshafen, Charterhouse, Kering, CME Group and Enel Green Power)

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