Kering Turnaround Plan And Icicle Stake Reframe China And Gucci Focus [Yahoo! Finance]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
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Source: Yahoo! Finance
Kering (ENXTPA:KER) has launched its multi year ReconKering turnaround plan to address underperformance and refocus on growth and profitability. The group is prioritising a renewed push at Gucci and operational changes across its wider portfolio of luxury brands. Kering has agreed to acquire a minority stake in Chinese luxury group Icicle, creating a new partnership in the Chinese market. Kering operates a portfolio of luxury houses, with Gucci as its flagship brand, and competes in a sector where brand strength, pricing power and regional exposure can be crucial. The new plan and the Icicle investment arrive as global luxury demand and consumer preferences continue to evolve, with China remaining a key market for many high end groups. For investors watching ENXTPA:KER, these moves indicate where management is concentrating capital and attention within the group. The turnaround plan and Chinese partnership provide fresh reference points to track over the coming years, includi
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News
- Kering SA (PPRUY) Analyst/Investor Day Transcript [Seeking Alpha]Seeking Alpha
- Beyond Gucci: Kering's Plans for Its Other Brands [Yahoo! Finance]Yahoo! Finance
- Kering to purchase minority stake in Chinese luxury brand Icicle [Yahoo! Finance]Yahoo! Finance
- Kering forms a strategic partnership with ICCF around flagship brand ICICLE, and acquires a minority stake [Yahoo! Finance]Yahoo! Finance
- Luxury giant Kering to chart path for Gucci turnaround [Yahoo! Finance]Yahoo! Finance