Streetbeat News

PPRUY

Kering

https://www.kering.com/

CEO

Francois-Henri Pinault

Industry

Hosiery and Sock Mills

Open

24.21

Mkt cap

30B

Volume

26K

High

24.48

P/E Ratio

13.65

52-wk high

47.41

Low

24.21

Div yield

0.06

52-wk low

21.69

Kering has appointed Louise Trotter as the new Creative Director of Bottega Veneta. This strategic move is expected to influence the brand's creative direction and potentially impact Kering's market performance.

Portfolio Pulse from

December 12, 2024 | 5:00 pm

Kering has announced an interim dividend for the 2024 financial year. This announcement may impact the stock price of Kering's ADR, PPRUY, which is listed in the US.

Portfolio Pulse from

December 03, 2024 | 5:00 pm

Kering's stock has dropped 72% since August 2021 due to macroeconomic issues in China and Europe and high CapEx investments. However, investments in Valentino and Creed aim to reduce dependence on Gucci and foster long-term growth. The Chinese real estate crisis is a concern, but government stimulus and long-term recovery are expected to benefit Kering.

Portfolio Pulse from

November 29, 2024 | 9:00 am

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

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