LVMH and Kering Upgrades Fuel Rally for Luxury Stocks Luxury stocks are on the rise as global economic conditions show signs of improvement. Recently, HSBC made a significant move by upgrading the stocks of two industry giants, LVMH and Kering SA. This decision comes in anticipation of a resurgence in Chinese consumer spending and a […]
Opinion: Undoing Kering Property Bets May Dent Foundations
Opinion: Undoing Kering Property Bets May Dent Foundations Kering, the French luxury goods conglomerate, has long been a major player in the world of high-end fashion and accessories. However, recent reports indicate that the company’s foray into the world of property investments may be causing some concern among investors. Yawen Chen, a respected financial analyst, […]
Valentino Names Riccardo Bellini CEO With Kering Deal At Stake
Valentino Names Riccardo Bellini CEO With Kering Deal At Stake Valentino, the renowned luxury fashion house, has recently appointed Riccardo Bellini as its Chief Executive Officer. This strategic move comes at a crucial time for the brand, as its parent company Mayhoola aims to revitalize its operations amidst a potential deal with the luxury conglomerate […]
A Letter to Kering’s New CEO
A Letter to Kering’s New CEO Dear Luca De Meo, As you step into your new role as the chief executive of Kering, a luxury powerhouse known for its iconic brands like Gucci, Saint Laurent, and Bottega Veneta, the spotlight is on you to navigate the company through the challenges that lie ahead. With the […]
Kering Shares Rise as Market Looks Ahead
Kering Shares Rise as Market Looks Ahead Investors in Kering, the renowned luxury goods company, have recently demonstrated optimism as the market shifts its focus towards the future under the leadership of new CEO Luca De Meo. Despite facing another weak quarter, shareholders are choosing to look past the current challenges and instead concentrate on […]
Kering Woes Continue as Gucci Sales Plunge 25%
Kering Woes Continue as Gucci Sales Plunge 25% Luxury fashion conglomerate Kering is facing turbulent times as its renowned brand Gucci experiences a significant setback. Recent reports have revealed a staggering 25% plunge in sales for the fashion house, marking a challenging period for the iconic label. This decline comes as Gucci prepares for its […]
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes Artemis, the holding company of the Pinault family, has recently made headlines with reassuring news amidst concerns over its financial health. Despite a noticeable increase in standalone debt, Artemis has swiftly moved to dispel any notions of financial strain, citing the spike in debt as […]
Qatar-backed Mayhoola denies report it is considering Valentino sale with Kering
Mayhoola Denies Reports of Valentino Sale to Kering: What’s Next for the Fashion House? Mayhoola, the Qatar-backed investment fund, has recently found itself at the center of speculation regarding a potential sale of Valentino to Kering. However, the fund has swiftly moved to deny these reports, leaving many in the fashion industry wondering about the […]
Are Luxury Megabrands Broken?
Are Luxury Megabrands Broken? Luxury megabrands like LVMH, Kering, and Chanel have long been the epitome of sophistication, exclusivity, and success in the fashion world. However, recent simultaneous crises within these giants have raised concerns about the sustainability of the luxury megabrand model. From shifting consumer preferences to global economic challenges, these industry leaders are […]
Balenciaga Cuts Ties With Ye
Balenciaga Cuts Ties With Ye In a surprising turn of events, luxury fashion house Balenciaga, owned by parent company Kering, has officially announced the termination of its relationship with the controversial artist known as Ye. The decision, as communicated by Kering, signifies a definitive end to any existing partnerships and rules out the possibility of […]