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Stock impact report

Kering finalizes an agreement on its iconic building via Monte Napoleone in Milan [Yahoo! Finance]

KERING SA UNSP/ADR (PPRUY) 
NASDAQ:AMEX Investor Relations: kering.com/en/finance
Company Research Source: Yahoo! Finance
April 1, 2026 KERING FINALIZES AN AGREEMENT ON ITS ICONIC BUILDING VIA MONTE NAPOLEONE IN MILAN Kering announces today the execution of a transaction agreement, effective immediately, with Al-Mirqab Group, regarding a property of Kering located at Via Monte Napoleone 8 in Milan. The asset is situated at the most prominent corner of Milan's Quadrilatero della Moda . This iconic 18th-century building is one of the largest properties on Via Monte Napoleone and occupies a flagship position in the heart of the city's luxury district. Kering is contributing this asset to a newly incorporated joint stock company, held at 80% by Al Mirqab Group and 20% by Kering. Kering interest in this company will be accounted for under the equity method as of today. Kering received proceeds of €729 million at closing, while a remaining €432 million will be paid to the Group five years later. Following the partnerships concluded last year regarding real estate assets located in Paris and New Yo Show less Read more
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