Kering SA (PRTP.PA)
24 Jul 2014
|Market Cap (Mil.):||€19,824.89|
|Shares Outstanding (Mil.):||126.23|
* Gucci like-for-like sales growth 0.3 pct in Q1, down 3.2 pct reported
MILAN - Italian fashion and leather brand Gucci, which is owned by French group Kering , has taken direct control of its shops in Moscow and will open two new sales outlets in the Russian capital, the company said on Monday.
(Corrects to say Gucci has taken direct control of shops, not will take control))
LILLE, France, March 24 - The CFDT trade union announced on Monday it would back the restructuring plan put forward by loss-making French mail order group La Redoute, a move that may allow a buyout from owner Kering to go ahead.
LILLE, France, March 21 - The future of La Redoute, the loss-making mail order business of French luxury group Kering appeared to be thrown into doubt on Friday after a labour union said a restructuring plan had been rejected by all three unions involved.
PARIS - Bottega Veneta, Kering's No.2 luxury brand in terms of sales, is slowing down the pace of shop openings to preserve exclusivity, and plans to focus on enlarging and improving the performance of its existing stores, its head said.
PARIS - Sales growth at Italian luxury brand Gucci almost ground to a halt in the fourth quarter, hit by over-expansion in China where demand weakened and a painful upmarket repositioning.
* Kering net profit 50 mln euros vs 1.048 bln in 2012 (Recasts, adds details, management, analyst comment)
Shares of Kering fall 3.5 percent, the biggest losers on the CAC 40, after the owner of the Yves Saint Laurent, Bottega Veneta and Gucci brands reports a steep drop in full-year profits, with sales growth at Gucci almost grounding to a halt.
PARIS, Feb 21 - Italian luxury brand Gucci continued to see its sales growth slow in the fourth quarter as parent Kering, also owner of Yves Saint Laurent and Bottega Veneta, posted sharply lower full-year profits, hit by restructuring charges.
Earnings vs. Estimates
Analyst Research Reports
Kering - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
Provider: Finlabo SIM Spa
Kering SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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