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N100:KER, Aug 17, 03:49 UTC

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Friday, July 27


In The News
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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


News

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

GS KER +1 more GS KER AIR

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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News

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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News

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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Wednesday, June 20


News

Credit Suisse Group Analysts Give Kering (EPA:KER) a €540.00 Price Target

KER

Kering (EPA:KER) has been assigned a €500.00 ($581.40) price objective by equities researchers at UBS Group in a research note issued to investors on Friday, June 8th, www.boersen-zeitung.de reports. 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. Royal Bank of Canada set a €475.00 ($552.33) price target on shares of Kering and gave the stock a “neutral” rating in a research report on Tuesday, May 1st. The stock has an average rating of “Buy” and an average target price of €490.61 ($570.47).

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Sunday, June 17


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Kering (EPA:KER) PT Set at €515.00 by JPMorgan Chase & Co. – Enterprise Leader

KER JPM

Kering (EPA:KER) received a €515.00 ($598.84) price target from research analysts at JPMorgan Chase & Co. in a report issued on Friday, June 1st. 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. Finally, Royal Bank of Canada set a €475.00 ($552.33) price target on shares of Kering and gave the stock a “neutral” rating in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock.

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