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Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?
Kering has been furiously trying to regain its mojo after watching its shares plunge by 60% in the past five years while it tries to revive its flagship brand, Gucci. The French luxury giant ...
Kering upgraded to Buy from Hold at Kepler Cheuvreux
Kepler Cheuvreux analyst Charles-Louis Scotti upgraded Kering (PPRUY) to Buy from Hold with a price target of EUR 350, up from EUR 250. The ...
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Kering stock surges 5% despite Gucci’s slow sales: here’s why
Kering’s Gucci problems Gucci, Kering’s flagship brand, continued to weigh heavily on the group’s performance, with sales plunging 24% year-on-year to €1.92 billion during the quarter. The ...
Kering Is Appointing a Secretary General
Mélanie Flouquet, now chief strategy officer, is expected to take up the new position on March 1, with Boston Consulting Group executive Joël Hazan set to succeed her.
Kering SA (0IIH) Receives a Hold from Bernstein
Bernstein analyst Luca Solca maintained a Hold rating on Kering SA (0IIH – Research Report) today and set a price target of €250.00. The ...