PPRUY / Kering: Encouraging Changes

Analysts and investors are starting to worry about the luxury brand industry, making it a good time to take a closer look. Luxury brands trade at high more_horizontal

Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions an more_horizontal

Kering acquired a 30% stake in Valentino and the high-end French fragrance label Creed. De Sarno's first Milanese show was mixed, but we believe that more_horizontal

Kering's first half results show slow top-line growth and several organizational changes, but also reinforced M&A. The debut of Gucci's new creative d more_horizontal

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 de more_horizontal

The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed. more_horizontal

The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more_horizontal

Salma Hayek's husband François-Henri Pinault is reportedly in talks to buy CAA in a deal that would value the Hollywood mega agency at over $7 billio more_horizontal