Streetbeat News

PPRUY

Kering

https://www.kering.com/

CEO

Francois-Henri Pinault

Industry

Hosiery and Sock Mills

Open

23.40

Mkt cap

29B

Volume

14K

High

23.52

P/E Ratio

13.08

52-wk high

47.41

Low

23.36

Div yield

0.06

52-wk low

22.05

Kering has announced the appointment of new CEOs for its luxury brands Saint Laurent and Balenciaga. This leadership change is part of Kering's strategy to strengthen its position in the luxury market.

Portfolio Pulse from

November 18, 2024 | 5:00 pm

Kering has announced a bond issue totaling EUR 750 million, set for November 2024. This move is likely aimed at raising capital for future investments or debt refinancing.

Portfolio Pulse from

November 14, 2024 | 5:15 pm

The article compares Foot Locker (FL) and Kering SA (PPRUY) as potential value stocks in the Retail - Apparel and Shoes sector, analyzing which offers better value for investors.

Portfolio Pulse from

November 12, 2024 | 6:00 pm

The European Union is considering final tariffs on Chinese electric vehicle (EV) makers to protect its own automobile industry. However, this move could lead to a trade war with China, affecting EU's export-dependent companies and critical raw material supplies. Automakers like BMW and Volkswagen have warned against these tariffs, fearing retaliatory measures from China. The EU remains dependent on China for essential raw materials, complicating the situation.

Portfolio Pulse from European Capital Insights

October 02, 2024 | 2:56 pm

European stocks saw marginal gains on Labor Day, with the German DAX index setting a record close. Sanofi, Orange, and Telefonica led gains among large-cap stocks, while Airbus, Adidas, Kering, and BMW lagged. U.S. natural gas futures rose due to high demand, and Blackstone announced a major acquisition.

Portfolio Pulse from Piero Cingari

September 02, 2024 | 7:15 pm

Kering SA has appointed Stefano Cantino as deputy CEO of Gucci to revitalize the brand. Cantino, with extensive experience at Louis Vuitton and Prada, will assume his role on May 2, reporting to Gucci's President and CEO, Jean-François Palus. This move comes as Gucci seeks to improve its performance, which has lagged behind competitors.

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 1:33 pm

Burberry Group PLC (OTC:BURBY) reported a 7% Y/Y decline in retail revenue and a 4% Y/Y drop in comparable store sales for the 13 weeks ending Dec. 30, 2023. The company lowered its FY24 adjusted operating profit forecast to £410-460 million, citing a slowdown in luxury goods demand. Shares fell 7% in morning trading, and other luxury stocks like LVMH (OTC:LVMHF) and Kering SA (OTC:PPRUY) also saw declines. Burberry remains committed to a £4 billion revenue target but expects currency headwinds and a high-single-digit percentage decline in wholesale revenue for FY24.

Portfolio Pulse from Lekha Gupta

January 12, 2024 | 3:57 pm

Benzinga's weekly review highlights several bullish and bearish stock prospects. Bullish stocks include Disney (DIS) partnering with PENN Entertainment (PENN) for a sportsbook, Dogecoin (DOGE) predicted to surge 200%, and Tilray (TLRY) acquiring eight beer brands from Anheuser-Busch (BUD). Bearish stocks include Tesla (TSLA) after CFO's departure, Kering (PPRUY) and Advantest Corp (ATEYY) being heavily shorted, and Moody's downgrading credit ratings of banks including M&T Bank Corp. (MTB), Webster Financial Corp. (WBS), and BOK Financial Corp. (BOKF).

Portfolio Pulse from Michael Cohen

August 12, 2023 | 1:16 pm

Hedge funds are taking a bearish stance on some of the hottest sectors, including electric vehicles, luxury brands, and AI tech, according to data from HazelTree. Companies like Tesla, Kering, and Advantest are being heavily shorted. Despite this, the actual percentage of shares being shorted is still relatively low.

Portfolio Pulse from AJ Fabino

August 09, 2023 | 5:23 pm

Kering SA announced the departure of Gucci CEO Marco Bizzarri effective September 25. Jean-Francois Palus, the current managing director, will take over as CEO and president for a transitional period. Francesca Bellettini, current President and CEO of Yves Saint Laurent, has been appointed as Deputy CEO. The company also disclosed other top management changes.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 10:23 am

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