Yahoo

Bernstein Downgrades Kering Based on ‘Classic’ Gucci Show, M&A, Management Changes

LONDON — October is bringing more tricks than treats to the big luxury goods groups, two of which have seen their stocks downgraded by industry analysts. On Wednesday, Bernstein’s Luca Solca ...

Gucci parent Kering’s shares plummet on pick of new design chief: ‘Who is driving the bus?’

Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its ...

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 ...
NBC New York

Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands

Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare ...
UPI

Sales at Kering-owned luxury brand Gucci drop 25%

July 29 (UPI) --France-based Kering, the owner of Gucci, on Tuesday reported lower second-quarter financial returns than what was expected, pointing to "uncertain" global factors. Gucci sales dropped ...
U.S. News & World Report

Kering Beats Third-Quarter Forecasts as Smaller Brands Cushion Gucci Decline

PARIS (Reuters) -Kering's overall group sales fell less than analysts expected in the third quarter thanks to the performance of its smaller brands and some encouraging signs at ailing flagship brand ...
Complex

Kering Shares Take Hit After Demna Announced as Gucci's New Artistic Director

Kering shares took a hit this week after Gucci announced that Balenciaga’s Demna would be stepping into the role of Artistic Director, effective this July. Per a report from Reuters, which also ...
NBC New York

Kering shares plunge 11% after Demna Gvasalia named as Gucci's artistic director

Shares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line. Gvasalia, known as Demna in the ...
Seeking Alpha

Kering: New Management Team Focus On Gucci Growth Is Encouraging

Kering's management shakeup and focus on accelerating Gucci's growth is a promising sign for the company's future. The introduction of new creative designer Sabato De Sarno and planned brand ...
U.S. News & World Report

Gucci-Owner Kering's Shares Down 5% After Q1 Sales Disappoint

PARIS (Reuters) -Shares of Kering traded down 5% in European morning trade on Thursday, after the group reported a first-quarter sales drop that was worse than analysts' expectations. Kering after the ...
Digital Journal

Kering shakes up underperforming Gucci

Kering announced Tuesday the departure of the long-time chief executive of Gucci, the luxury group’s main brand which has struggled as the industry has flourished. Kering said that Marco Bizzarri, who ...