Kering collapses in Paris, while Tesla soars by 8% in the pre-market on Wall Street. In Piazza Affari, eyes on meetings and quarterly reports, Salcef flies out of the Ftse Mib
The group also expects a decline of 40-45% in the current operating result of the first half of 2024 compared to the first half of 2023
All the fashion brands rise on the European stock exchanges. The tip of the balance will be China which this week surprised with a GDP higher than consensus. A flurry of data from the sector is arriving
Luxury in turmoil. After Alessandro Michele's move to Valentino, Stefano Cantino leaves Louis Vuitton and becomes number two at Gucci, in charge since May 2
Kering bought an 8th century building in via Monte Napoleone XNUMX in Milan from Blackstone. It is the highest transaction carried out in Italy for a single real estate asset
The Fed will reveal its verdict on rates tonight. Lagarde: Data to decide on rates by June". Gucci sales estimates sink Kering (-14%), Poste in Milan in the red. Spread rising
European stock markets have moved little while waiting for Wall Street, where Meta and Nvidia futures are taking off. MSCI index at two-year highs, average increases of 15% since November
Francois-Henri Pinault: “Our goal is to revitalize Gucci, taking advantage of the unique blend of craftsmanship, Italian tradition and modernity that characterizes this iconic Maison"
The French giants are also on the rise, from LVMH to Kering to Hermes. A breath of fresh air after the burden of recent days due to China
The global luxury sector is experiencing an excellent moment, with a turnover that has reached record growth peaks in the fiscal year 2022. The Deloitte report (Global of Luxury Goods 2023) indicates 23 Italian companies in the Top 100
In 13 years, the brand has grown on the stock market much more than LVMH (+600%), but it is the Kering dividend that makes luxury soar - The curious dispute over the inheritance of Hermes
Mayhoola, the Qatari company will continue to hold the majority of the historic Italian maison, but Kering will meanwhile have its own representation on the board and then take over control
After eight years Bizzarri surprisingly leaves the role of CEO of the Maison. Full powers to Francesca Bellettini. Jean-François Palus becomes president and CEO of Gucci for a transitional period. Gavazza new CEO of Tom Ford Fashion
Acquired 100% of the brand by funds controlled by BlackRock Long Term Private Capital Europe and by the current President Javier Ferrán. Creed, founded in 1760 is particularly appreciated for its Aventus perfume, one of the best-selling fragrances in the world
The contract, an indication of the good state of health of the Made in Italy sector, could also be the basis for stipulating the national contract for the leather goods sector, say the unions. The national negotiations will open on April 13th
Analysts have doubts about the recovery of the Kering brand, which is already suffering. A successor to the imaginative designer Michele doesn't seem on the horizon. A few brands to buy could help, but the situation does not seem easy
The same scheme applied to the Italian subsidiary Gucci in 2019 which three years ago led it to a record payment of 1,25 billion to the tax authorities - Two Swiss subsidiaries in the crosshairs
The stock soars on the Stock Exchange driven by the boom in revenues and the sharp increase in profit. Gucci turnover increases and exceeds 2019 levels, YSL and Bottega Veneta do well
Gobbetti's exit cost Burberry a billion in capitalization. Rain of sales, still today, on Ferragamo. Investors see the change of hands of the two prey groups moving away. Luxury is on the hunt for new business
Gucci drives the sales of the French giant which in 2019 achieves double-digit revenues - Profit drops due to the Italian fine, but ebitda soars - Stock rally in Paris
The indiscretion was reported by Bloomberg - Moncler stock soars to the top of the Ftse Mib and drags the entire fashion and luxury sector with it - Ruffini: "Contacts in progress, but no concrete hypotheses".
In a sluggish stock market session, Moncler gains over 11% - Pirelli, Leonardo and Prysmian stocks also do well in Milan - Eni still down.
The agreement refers to an alleged evasion carried out on Gucci brand products between 2010 and 2016 - The agreement should be signed in early May - Kering: "There is no specific figure"
The big names in French luxury announce millionaire donations for the reconstruction of the cathedral devastated by flames - Total and Capgemini are also involved
Luxury, Kering closes 2016 on a high note. The French group (Lvmh's rival) closed the year with sharply growing revenues and operating profit, so much so that the board of directors intends to propose an increase in the dividend to the shareholders' meeting. The revenues, we read in a…
The shares of the French luxury group rise sharply on the Paris Stock Exchange after the quarterly data. Revenues up 10,5% at constant exchange rates. Among the brands of the group, Gucci should be noted, which increased its…
The maison's turnover returned to growth in 2015, approaching 4 billion euros - Bottega Veneta, another subsidiary of the French multinational, also did well: operating profit up 17,3%.
There are now several cases of large French companies moving their operational bases abroad: these are the reasons for a phenomenon that is alarming France.
