Edition:
United States

Kering SA (PRTP.PA)

PRTP.PA on Paris Stock Exchange

392.10EUR
11:35am EST
Change (% chg)

€6.25 (+1.62%)
Prev Close
€385.85
Open
€385.45
Day's High
€392.60
Day's Low
€385.00
Volume
140,714
Avg. Vol
202,622
52-wk High
€408.35
52-wk Low
€196.30

Latest Key Developments (Source: Significant Developments)

Kering says will not be looking at Puma options in short-term
Tuesday, 24 Oct 2017 01:51pm EDT 

Oct 24 (Reuters) - Kering CFO :Says on conference call Balenciaga has potential to reach 1 billion euros in sales in the mid-term.Says still confident on Gucci performance in 2018 in spite of tougher comparisons and foreign exchange climate.Says Puma remains a non-strategic asset, but Kering not likely to consider options for the business in the short-term.Says M&A is not on the agenda, company focused on organic growth.  Full Article

France's Kering says forex headwind will not improve in Q4
Tuesday, 24 Oct 2017 11:47am EDT 

Oct 24 (Reuters) - Kering CFO Jean-Marc Duplaix::Says on conference call that foreign exchange "turned heavily negative in the quarter", hit revenue in luxury division by around 90 million euros ($105.85 million) and the group as a whole by 128 million euros..Says "this headwind is not likely to get better in Q4" .Says operating profit margins at Gucci will be similar in second half to first half of the year, or possibly higher.Says Gucci will raise its prices around 5 percent on products from its Spring/Summer 2018 collection.  Full Article

Puma CEO expects weaker Q4 margin due to promotional market
Tuesday, 24 Oct 2017 04:13am EDT 

Oct 24 (Reuters) - Puma :Ceo says has not heard anything about possible Kering plans to sell stake.Ceo says does not expect q4 gross margin to be very strong, says market very promotional.  Full Article

Artemis to issue Kering convertible bonds at 102.25 pct of nominal value
Tuesday, 19 Sep 2017 08:00am EDT 

Sept 19 (Reuters) - ARTEMIS::SUCCESSFULLY PLACES EUR 375 MILLION NONDILUTIVE CASH-SETTLED EXCHANGEABLE BONDS INTO EXISTING KERING <<>> SHARES DUE MARCH 2023‍​.BONDS WILL BE ISSUED ON SEPTEMBER 22ND, 2017 AT 102.25% OF THEIR NOMINAL VALUE.ANNUAL GROSS YIELD TO MATURITY OF -0.40%..  Full Article

Kering appoints a new CEO for its unit Ulysse Nardin
Friday, 18 Aug 2017 02:17am EDT 

Aug 18 (Reuters) - KERING SA ::ANNOUNCED ON THURSDAY THE APPOINTMENT OF PATRICK PRUNIAUX AS CEO OF ITS UNIT ULYSSE NARDIN .  Full Article

Kering, Alibaba Group agree to cooperate in protection of Intellectual Property, Joint Enforcement
Thursday, 3 Aug 2017 06:00am EDT 

Aug 3 (Reuters) - Kering::Kering and Alibaba Group agree to cooperate in protection of intellectual property and joint enforcement.Kering says as part of agreement, Kering has agreed to dismiss lawsuit filed against Alibaba and Alipay in US district court in New York​.  Full Article

Kering not considering acquisitions in the short-term- deputy CEO
Thursday, 27 Jul 2017 01:31pm EDT 

July 27 (Reuters) - Kering deputy CEO Jean-Francois Palus and Kering CFO Jean-Marc Duplaix tell a conference call with analysts::Cfo says one can expect some margin expansion at gucci in h2 but at slower pace than in h1.Kering cfo says about puma that the priority remains to improve profitability and cash flow.Kering cfo says eyes 150 refurbished gucci stores at end 2017 versus 109 at end june.Kering deputy ceo palus says group not considering any acquisitions in the short-term.Kering cfo says rise in euro currency to impact tourist flows, margins and prices but too early to quantify.Kering cfo says gucci operating margin should be around 30 percent for full year 2017.Kering CFO says Balenciaga may reach 1 billion euros mark in sales mid-term.  Full Article

Kering CFO says Gucci to reach 30 percent Ebit margin in 2017
Tuesday, 25 Apr 2017 12:37pm EDT 

April 25 (Reuters) - Kering CFO Jean-Marc Duplaix tells conference call with analysts::CFO says Gucci to achieve 30 percent Ebit margin in 2017, ahead of plan.  Full Article

2017 will be a year of stabilisation for Bottega Veneta
Friday, 10 Feb 2017 05:49am EST 

Kering deputy CEO Jean-Francois Palus tells a news conference: Deputy ceo says 2017 will be a year of consolidation and stabilisation for bottega veneta . Deputy ceo says online sales rose 22 percent for luxury division in 2016 .Deputy ceo says Gucci in line with its goal to reach margin of 30 percent medium term.  Full Article

Kering says will be growth at Bottega Veneta in 2017 but "very progressive"
Tuesday, 25 Oct 2016 01:15pm EDT 

Kering :Finance Director says there will be growth at Bottega Veneta in 2017 but it will be "very progressive".  Full Article

Photo

Breakingviews - Burberry’s risky new look rules out missteps

LONDON (Reuters Breakingviews) - Burberry’s new boss is taking a big gamble on delayed gratification. Chief Executive Marco Gobbetti’s plans to take the British brand upmarket will mean no sales or operating margin growth for more than two years. Disappointed investors who lopped almost 1 billion pounds off Burberry’s market value on Thursday will now be unforgiving. Only flawless results and the right new designer will prevent a further slide in the share price.