News for Kering SA (PPX.DE)

LVMH shares dropped after the luxury group published weaker-than-expected sales, weighed down by sluggish demand for high-end goods in China and the US and the threat of a trade war.

Prada SpA agreed to buy Versace for about $1.38 billion in cash, strengthening its position as Italy’s largest fashion group by adding one of the luxury industry’s best-known brands. The Milan-based company, controlled by billionaire designer Miuccia Prada and her husband Patrizio Bertelli, is buying Versace from Capri Holdings Ltd., which paid €1.8 billion ($2 billion) for the brand in 2018.

Prada SpA agreed to buy Versace for about $1.38 billion in cash, strengthening its position as Italy’s largest fashion group by adding one of the luxury industry’s best-known brands.

Prada buys Versace for $1.38 billion, enhancing its position in the luxury fashion industry.

Data from financial technology and software provider Hazeltree highlights investor skepticism about technology stocks and the sector's resilience, and offers early insights into risks and possible opportunities.

Insights from the Fourth Quarter of 2024 Causeway International Value (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024,

Prada's effort to purchase the Versace brand from Capri Holdings Limited is reportedly moving closer to completion.

(Bloomberg) -- Prada SpA is moving closer to a deal to buy Versace from Capri Holdings Ltd. after agreeing to a price of nearly €1.5 billion ($1.6 billion), according to people familiar with the matter. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadiu

Exploring the Investment Decisions of a Renowned Value Investor David Herro (Trades, Portfolio) recently submitted the N-PORT filing for the fourth quarter of

The billionaires behind Gucci owner Kering SA have acquired a small but highly luxurious cruise brand via their family investment company Artémis. The move points t…

India has become the largest single market for Swiss watchmaker Rado, overtaking China amid a luxury bust in the latter. With robust growth in premium sectors, India is filling the gap left by China and attracting several global luxury brands to expand their footprint in the country.

India has become the largest single market for Swiss watchmaker Rado, overtaking China amid a luxury bust in the latter. With robust growth in premium sectors, India is filling the gap left by China and attracting several global luxury brands to expand their footprint in the country.

Full Year Revenue: EUR 17.2 billion, down 12% year-on-year.Recurring Operating Income: EUR 2.6 billion, with a margin of 14.9%.Free Cash Flow from Operations:

European stocks hit a fresh record high as investors weighed the latest round of corporate earnings reports and assessed the potential for a broader trade war with …

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Kering SA (PPRUF) reports FY Non-GAAP EPS of €10.68 and revenue of €17.19B, down 12.2% Y/Y according to their press release.

French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label.

LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods.

Mining company Anglo American is considering offloading its storied diamond unit. It won’t be an easy sell.