Kering netted 1.2 billion euros from the divestment of real estate assets, including the sale of a majority stake in three buildings in Paris to private equity firm Ardian, and it expects to raise ...

Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of ...

For its part, Kering is trying to clean up parts of its business and shore up cash. Last month, the French company sold majority stakes in three of its Paris real estate assets to private equity ...

Bottega Veneta was a bright spot, with a 12 percent rise, but the brand is also set for a shift following the departure of creative director Matthieu Blazy. His successor, Louise Trotter, is due to ...

Kering shares jumped five percent after the Paris stock exchange opened as its fourth-quarter earnings were better than expected by analysts. But they were flat in afternoon deals. "We are for ...

Luxury slows, retail struggles, so LVMH and Kering are running for cover. In addition to some real estate purchases and sales that have already been completed, the two luxury giants are reportedly ...

Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.

While Kering had better-than-expected sales to end 2024, it still doesn’t spell out good news for the luxury conglomerate. Amid an overall luxury slowdown, the high-end behemoth netted $4.52 billion ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French luxury group Kering has parted with the designer of its biggest brand, Gucci, just two years after ...

PARIS (Reuters) - Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of weak sales and has yet to name a new chief designer to ...