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Nov 4, 2022 · Kering has been the focus of persistent M&A speculation, with the recent underperformance of its star label Gucci - which accounts for the bulk of group profits - putting it under market scrutiny...
Apr 23, 2024 · PARIS, April 23 (Reuters) - French luxury group Kering (PRTP.PA) has a healthy balance sheet that would allow for "incremental" mergers and acquisitions, Chief Financial Officer Armelle Poulou...
Feb 17, 2022 · PARIS, Feb 17 (Reuters) - Gucci owner Kering (PRTP.PA) said on Thursday it was on the hunt for possible acquisitions and might expand in more U.S. cities, after a sales surge showed resilience in...
While Kering wouldn’t comment on that specific report, chief financial officer Jean-Marc Duplaix dismissed recent M&A rumors as “pure speculation” on a call Tuesday — before reminding listeners in the same breath that Kering was well-positioned to make such a move.
Jul 27, 2023 · Valentino could be seen as the Italian equivalent of Saint Laurent: a business Kering has been able to create value with.”. Speculation around M&A and further consolidation has swirled around Kering, notably regarding a potential merger with Richemont in 2021.
Jul 18, 2022 · Thesis. Kering ( OTCPK:PPRUF) ( OTCPK:PPRUY) stock is down about 30% YTD, materially more than most of the major equity indices. The company now trades at very attractive risk/reward levels....
Mar 22, 2021 · Kepler Chevreux said speculation of a tie-up “amid Kering’s limited hard luxury assets and Richemont’s limited soft luxury assets has circulated for years, further encouraged by the LVMH ...
