Streetbeat News

PPRUY

Kering

https://www.kering.com/

CEO

Francois-Henri Pinault

Industry

Hosiery and Sock Mills

Open

24.09

Mkt cap

30B

Volume

89K

High

24.56

P/E Ratio

24.28

52-wk high

46.32

Low

23.68

Div yield

0.05

52-wk low

21.69

Kering's stock is experiencing a significant downturn, primarily due to the cost of living crisis. However, the company's strong performance in Japan, driven by currency devaluation, suggests potential for recovery.

Portfolio Pulse from

February 10, 2025 | 1:45 pm

Kering's Gucci brand has ended its collaboration with creative director Sabato De Sarno, marking another high-profile designer change amid a luxury industry slowdown.

Portfolio Pulse from

February 06, 2025 | 8:15 am

Gucci has announced the end of its collaboration with Sabato De Sarno. This decision could impact Kering, the parent company of Gucci, which is listed under the symbol PPRUY.

Portfolio Pulse from

February 06, 2025 | 7:45 am

Kering has completed the sale of The Mall Luxury Outlets to Simon Property Group. The transaction involves two luxury outlet destinations in Italy.

Portfolio Pulse from

January 30, 2025 | 5:00 pm

Kering and Simon have announced the sale of The Mall Luxury Outlets. This move could impact the financials and strategic direction of both companies.

Portfolio Pulse from

January 30, 2025 | 5:00 pm

Kering and Ardian have signed an investment agreement concerning prime real estate assets in Paris. This move could impact Kering's financials and strategic positioning in the luxury market.

Portfolio Pulse from

January 15, 2025 | 5:00 pm

Kering has released its half-yearly achievement report on its share quotations liquidity mandate for December 2024. The report may mention PPRUY, which is Kering's US-listed ADR.

Portfolio Pulse from

January 09, 2025 | 4:30 pm

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

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