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N100:KER, Oct 16, 08:35 UTC

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Albini Group, Supima And Oritain Create 100% Scientifically Traceable Organic Cotton Fabric For Kering

KER

BERGAMO, Italy — October 15, 2018 — Albini Group, Supima and Oritain today announced a partnership that will set a new standard for responsible fashion through the first 100% traceable Supima organic cotton. Chosen by Kering, these textile industry leaders have partnered with scientific traceability company, Oritain, to embark on a pioneering path aimed at truly sustainable fashion with proven provenance. Albini Group, a leader in premium Italian textiles, is a key partner in the project driving ever higher levels of innovation and helping establish transparency as a prerequisite within supply chains. At Kering we are focused on sustainable raw material sourcing and this innovative technology for our organic cotton supply chain will enable our Materials Innovation Lab greater visibility to verify farming best practices and fibre quality; ensure integrity within the supply chain; and guarantee alignment with our Kering Standards.”.

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Wednesday, October 10


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LVMH results slam luxury stocks, including Burberry and Kering

KER

Shares in luxury companies took a sharp drop in Europe on Wednesday as investors reacted to the third-quarter results from brand behemoth LVMH, which owns major fashion houses including Louis Vuitton, Christian Dior and Marc Jacobs. The global luxury group reported 10% growth in sales in the first nine months of the year – which was roughly in line with analyst expectations – but it noted it would “continue to be vigilant” amid “an uncertain geopolitical and monetary context”. Shares in LVMH (MC.PA), Burberry (BRBY.L) and Kering (KER.PA) fell by about 5% in early morning trade before regaining their poise. “Despite strong sales in LVMH’s fashion and leather goods sector and a healthy performance overall, shares in the luxury conglomerate and across the luxury fashion industry today have dropped, as the possibility of a Chinese-American trade war continues to simmer in the background,” Euromonitor’s fashion analyst, Florence Allday, told Yahoo Finance UK.

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Friday, July 27


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Luxury group Kering's shares fall, Gucci seen bit weaker than forecast

KER

Luxury group Kering's shares fall, Gucci seen bit weaker than forecast. PARIS (Reuters) - Shares in luxury goods group Kering (PRTP.PA), which hit record highs last month, fell back sharply on Friday as traders said sales growth at Kering's Gucci brand had come in a bit weaker than forecast. The stock hit a record high of 522.40 euros on June 15, and nevertheless remains up by around 30 percent since the start of 2018. Gucci's margins hit a record high of 38.2 percent at end-June. But its second quarter comparable sales growth of 40.1 percent was a touch below forecasts even as the label outperforms peers. Some traders said that was a trigger for investors to sell Kering shares and cash in on the stock's recent rally.

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Thursday, July 26


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Luxury group Kering says it has finished selling off brands

KER

Luxury group Kering says it has finished selling off brands. PARIS (Reuters) - Kering (PRTP.PA) does not intend to sell off any more of its smaller fashion brands beyond the ones already on their way out, the group's managing director Jean-Francois Palus said on Thursday. The Paris-based luxury conglomerate said in June it was in talks with Christopher Kane to sell the eponymous label, in which it had a 51 percent stake, back to the British designer. Earlier this year Kering spun off the majority of its stake in German sportswear label Puma to its shareholders, and also signalled it was selling skatewear brand Volcom, as it refocuses purely on luxury.

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Tuesday, June 26


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KERING S A/ADR (OTCMKTS:PPRUY) Coverage Initiated at JPMorgan Chase & Co.

KER JPM

JPMorgan Chase & Co. initiated coverage on shares of KERING S A/ADR (OTCMKTS:PPRUY) in a report issued on Friday, June 1st. A number of other equities analysts have also commented on PPRUY. Zacks Investment Research upgraded KERING S A/ADR from a “sell” rating to a “buy” rating and set a $66.00 target price for the company in a report on Saturday, May 12th. Shares of KERING S A/ADR stock traded up $0.57 during midday trading on Friday, reaching $55.54.

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Sunday, June 24


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Goldman Sachs Group Analysts Give Kering (KER) a €585.00 Price Target

KER AIR +1 more KER AIR GS

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kering and related companies with MarketBeat.com's FREE daily email newsletter. KER has been the topic of a number of other research reports. Royal Bank of Canada set a €430.00 ($500.00) price target on shares of Kering and gave the stock a neutral rating in a report on Thursday, March 29th. Societe Generale set a €475.00 ($552.33) target price on shares of Kering and gave the company a buy rating in a report on Monday, March 5th. Kering currently has an average rating of Buy and an average price target of €490.61 ($570.47).

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Thursday, June 21


In The News

Kering SA (CAC:KER) article volume is higher than usual

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Kering In Talks to Sell Christopher Kane Back to Designer – WWD view top sourcebeta

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Christopher Kane in talks to take control of brand from Kering

KER

Christopher Kane in talks to take control of brand from Kering. PARIS (Reuters) - French luxury group Kering <PRTP.PA> said on Thursday it was in talks with Christopher Kane to sell the eponymous brand back to the British designer, as the conglomerate also parts ways some of its other smaller labels like Stella McCartney. Kering, which derives the biggest chunk of its earnings from mega-brands like Gucci and Saint Laurent, bought a 51 percent stake in Christopher Kane in 2013. The group, which is focussed squarely on luxury after spinning out German sportswear brand Puma <PUMG.DE> to its shareholders earlier this year, did not disclose financial terms around a possible buy-back by the Scottish-born designer, known for his fashion-forward, edgy creations.

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Kering In Talks to Sell Christopher Kane Back to Designer – WWD

KER

Kering took a 51 percent stake in the brand in 2013; Kane created the brand in 2006. PARIS —Kering is in talks with Christopher Kane to sell the brand back to the British designer, the French luxury company said in a short statement. “ is announcing that discussions are underway with Mr. about the conditions in which the British designer could take back full control of the eponymous brand. Christopher Kane and Kering wish to continue to collaborate with the aim of achieving a gradual and harmonious transition,” the company said.

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