OTC Markets OTCPK - Delayed Quote • USD Kering SA (PPRUY) Follow Compare 24.35 +1.47 +(6.42%) At close: 3:49:56 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Kering: Monthly statement on the total number of shares and voting rights (January 2025) Kering - Statement Number of Shares and voting rights - 15.01.2025 KeringSociété anonyme with a share capital of €493,683,112Head office: 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS January 16, 2025 Monthly statement on the total number of shares and voting rights(articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total number ofsharesTotal number of voting rightstheor Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround Luxury goods stocks jumped on following Cartier-owner Richemont a surge in sales, prompting hopes of a turnaround for the sector. Kering Sells Stake in Landmark Paris Buildings to Ardian (Bloomberg) -- Kering SA agreed to sell a majority stake in three luxury Paris properties to French private equity firm Ardian SAS, a deal that will net the struggling owner of the Gucci fashion label €837 million ($861 million).Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinema Kering Seals Private Equity Deal With Ardian for Place Vendôme, Avenue Montaigne Real Estate The deal valued at 837 million euros will give Kering a cash infusion as it seeks to shore up its balance sheet. Luxury groups pin hopes on US as China weakness persists PARIS (Reuters) -Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China. Retail executives are looking to tap into wealth in the United States linked to the strong stock market and rise in cryptocurrencies, while potential tariffs from U.S. President-elect Donald Trump could support the dollar, raising Americans' purchasing power for European luxury goods. U.S. credit card spending on luxury brands in December improved, turning positive for the first time in more than two years, rising 1% year-on-year, based on data from Citi, thanks to better sales of leather goods and clothing. Press release - Kering and Ardian sign an investment agreement regarding prime real estate assets in Paris Press release_Kering and Ardian sign an agreement_15 01 25 PRESS RELEASE January 15, 2025 KERING AND ARDIAN SIGN AN INVESTMENT AGREEMENT REGARDING PRIME REAL ESTATE ASSETS IN PARIS Kering and Ardian today announced the signature of a binding investment agreement pertaining to three highly prestigious real estate properties in Paris. This portfolio comprises Hôtel de Nocé, located 26, place Vendôme, and two buildings located on avenue Montaigne, at 35-37 and 56. Kering is contributing these asset Kering: Half-yearly achievement report on Kering share quotations liquidity mandate - December 2024 Press release - half yearly achievement report on Kering share quotations liquidity mandate - December 2024 PRESS RELEASE January 9, 2025 HALF-YEARLY ACHIEVEMENT REPORT ON KERING SHARE QUOTATIONS LIQUIDITY MANDATE Pursuant to the liquidity mandate granted by Kering to Rothschild Martin Maurel, the following assets appeared on the liquidity account as of December 31st, 2024: 0 share€26,214,505 Number of executions on buy side during the semester: 14,624Number of executions on sell side during the Gucci will need to make a comeback under its new CEO—and it won’t be the first time for the languishing Italian luxury brand Revenues at Gucci, Kering's biggest money maker, plunged 26% in the third quarter as a prolonged sales slump continues. Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines to emphasize scarves, belts, wallets and home goods priced at $500 and under. The companies' renewed focus on more affordable products is meant to appeal to middle-class aspirational customers who are more price sensitive, although the strategy may dent companies' typically fat profit margins. After more than two years of sharp price hikes -- with Chanel, Prada and LVMH's Dior raising handbag prices by over 50% in France in 2023 compared to 2020, according to the Wall Street analysts at Bernstein -- luxury labels are finding themselves at risk of alienating the middle class. Kering Eyewear Celebrates Decade of Innovation With Harvard Case Study and Commemorative Book In an exclusive interview, Roberto Vedovotto, founder, president and chief executive officer of the eyewear group, discussed the tribute book “Never Never Never Give Up,” focusing on team spirit and resilience. Kering: Monthly statement on the total number of shares and voting rights (December 2024) Kering - Statement Number of Shares and voting rights - 13.12.2024 KeringSociété anonyme with a share capital of €493,683,112Head office: 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS December 16, 2024 Monthly statement on the total number of shares and voting rights(articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) DateTotal number ofsharesTotal number of voting rightstheor Notre Dame reopening spectacle caps a stellar year for luxury house LVMH The reopening of Notre Dame was a solemn celebration of cultural and spiritual renewal. Bernard Arnault, the lowkey billionaire behind luxury powerhouse LVMH and a key Notre Dame donor who regularly tops the list of the world’s richest men, was at the center of the celebration. France's first lady Brigitte Macron and her U.S. counterpart, Jill Biden, both had Lady Dior handbags. Bottega Veneta names Louise Trotter creative director The designer will leave her role at Carven in early 2025 and succeeds Matthieu Blazy, who is taking on the role of artistic director of fashion activities at Chanel. Chanel picks Matthieu Blazy as creative director French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative director, the company said on Thursday, after months of fevered speculation about the industry's most coveted job. The choice of Blazy signals a new aesthetic for the privately-owned brand, famous for tweed jackets, double-C logos and No. 5 perfume, and comes amid an industry-wide slump in the luxury sector. The high-profile role has been left vacant since the abrupt departure of Virginie Viard in June. Kering: Louise Trotter appointed Creative Director of Bottega Veneta Press release - Louise Trotter appointed Creative Director of Bottega Veneta_12 12 24 PRESS RELEASE December 12, 2024 LOUISE TROTTER APPOINTED CREATIVE DIRECTOROF BOTTEGA VENETA Kering and Bottega Veneta are delighted to announce the appointment of Louise Trotter as the new Creative Director for the House, marking the opening of an exciting new chapter in the brand’s creative journey. Louise Trotter, Creative Director of Carven, is celebrated for her ability to draw inspiration from real life an Kering Confirms Talks With Italian Tax Authorities Over Alexander McQueen Probe The company was responding to a report by Reuters on a probe into McQueen's tax declarations. Stocks to watch in European luxury and retail in 2025, according to Deutsche Bank Deutsche Bank highlights its top stock picks in the luxury and broader retail sectors going into 2025. Kering: Interim dividend for the 2024 financial year Kering - Press release - 2024 Interim dividend PRESS RELEASE December 3, 2024 INTERIM DIVIDEND FOR THE 2024 FINANCIAL YEAR At its meeting on December 3, 2024, the Board of Directors of Kering approved the payment of €2.00 per share interim dividend for the 2024 financial year. While lower than in 2023, this amount demonstrates Kering’s commitment to maintaining a consistent payout ratio over time. The interim dividend will be paid on January 16, 2025 on positions recorded as of January 15, 2025 The 2 drivers behind inflation in luxury brand prices The holiday shopping season has arrived, kicking off with Black Friday promotions and deals being pushed by companies across industries. Former LVMH (MC.PA, LVMUY) Chairman of North America Pauline Brown joins Morning Brief to discuss consumer shopping patterns, particularly in the luxury goods sector. Brown notes a generational divide in shopping habits: older consumers are more than 50% likely to shop online and research products before visiting stores. In contrast, younger generations prefer in-store shopping, as "it's become a social activity again." However, luxury brand prices remain a significant concern for consumers. "This is not an issue that has just come to the fore this holiday season, this has been going on for about 5 years," Brown tells Yahoo Finance, noting that price inflation has exceeded 50% "for most luxury brands." She highlights two key factors driving this inflation: growing appetite for luxury brands which "seemed to be permission to raise the price," and previously strong growth in China, a key consumer market that has begun to see slowing demand for luxury goods. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Shuffle Board: More Moves at Kering, Flexport Names APAC SVP Kering restructures as Balenciaga’s CEO joins YSL and YSL’s CCO joins Balenciaga. Hellmann exec Daniel Sanvicente will lead Flexport’s APAC efforts. Performance Overview Trailing total returns as of 1/16/2025, which may include dividends or other distributions. Benchmark is CAC 40 Return PPRUY CAC 40 YTD -0.98% +4.39% 1-Year -37.04% +3.01% 3-Year -65.45% +6.88%