Key Developments: Kering SA (PRTP.PA)

PRTP.PA on Paris Stock Exchange

21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

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

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:,,,,, - all live since June 2013 - and 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 and BASF fall as European shares slip back

* FTSEurofirst 300 closes down 0.3 pct at 1,312.74 points

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