Kering SA (PRTP.PA)
21 Jul 2017
PARIS, June 29 Artemis, the investment arm of Kering's founding Pinault family, said on Thursday it had taken a minority stake in fashion house Maison Valli with a view to acquiring control at a later stage.
PARIS Yves Saint Laurent, French luxury group Kering's second-biggest brand, expects to nearly double revenue in three to five years while boosting profits, adding to its recent strong growth, the company said on Monday.
* YSL eyes sales of 2 bln euros mid-term, 3 bln euros long-term
* Brioni and Kering appoint Nina-Maria Nitsche as Creative Director of the House
* Cautions against extrapolating Q1 growth to full year (Adds CEO comment, shares, analyst)
LONDON, April 26 French blue chips hit a fresh 9-year high on Wednesday, helped by a surge in the shares of luxury group Kering after it reported strong sales, while European regional indexes hovered near a 20-month peak.
* European Q1 earnings seen +5.5%, revenues +5.7% (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
LONDON, April 26 European shares pulled back slightly from 20-month highs on Wednesday as some disappointing corporate results weighed, though shares of French luxury group Kering hit a record high after reporting strong sales.
PARIS French luxury group Kering delivered a record 28.6 percent increase in first-quarter comparable sales on Tuesday, beating market expectations, as a revival in its biggest brand Gucci accelerated and Yves Saint Laurent outperformed.
PARIS, April 25 French luxury group Kering delivered a record 28.6 percent increase in first-quarter comparable sales on Tuesday, beating market expectations, as a revival in its biggest brand Gucci accelerated and Yves Saint Laurent outperformed.