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Kering SA Add to portfolio

N100:KER, May 22, 09:48 UTC

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Monday, May 13


News

Kering improves animal welfare standards

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Kering said its animal welfare standards form part of the group’s policy to open-source its sustainability practices and aim “to drive positive change” in luxury and fashion industry practices. They cover all species in the group’s supply chains, including python, ostrich and crocodile, and are based on scientific research, legislation, best management practices and guidelines from other sectors. Kering’s chief sustainability officer, Marie-Claire Daveu, said: “Improving the welfare of animals must be an imperative for our industry, and Kering wants to amplify the focus of attention from a few species to all animals, including livestock, within fashion’s global supply chains. “We hope for widespread adoption of the standards through collaborating with our suppliers, our peers in luxury, the fashion industry at large, and with the food sector, in these shared supply chains to shift society treats animals and nature.”.

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News

French fashion group Kering sets guidelines on animal welfare

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PARIS (Reuters) - French fashion group Kering, whose brands include Gucci and Saint Laurent, said it had set out internal guidelines for dealing with the welfare of animals, as fashion companies look to tighten their ethical standards. Kering's 'Animal Welfare Standards' cover issues such as how animals, which are often used in the fashion and textiles industry, are treated, and it would back prohibiting intensive farming and the use of sub-therapeutic antibiotic treatments. Britain's Burberry and Kering's Gucci are among the latest brands to abandon fur. Luxury online retailer Yoox Net-A-Porter has also abandoned fur, and Los Angeles moved in September to outlaw its sale and manufacture within the city limits.

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Thursday, May 09


News

Gucci owner Kering agrees record Italian tax settlement

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MILAN/Paris (Reuters) - French luxury goods group Kering said on Thursday it had agreed to pay a record 1.25 billion euros (£1.08 billion) to settle a dispute with Italian tax authorities centered on its fashion brand Gucci. Kering, which has denied avoiding tax, has a cash pile estimated by analysts at more than 10 billion euros, meaning it was equipped to absorb the cost. But the case also carries a reputational impact for a group that has long highlighted its social responsibility credentials and its environmentally friendly initiatives. "In terms of reputation, this is a slightly more important concern as Kering has stood up as a champion of ESG (environmental, social and governance)," Bernstein analyst Luca Solca said, adding that it might have a ripple effect on ESG-minded investors, though probably less so with consumers. Gucci revenues were booked through Kering's Swiss-based subsidiary Luxury Goods International and Italian prosecutors argued that tax should therefore have been paid in Italy, not Switzerland.

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Gucci owner Kering agrees to 1.25 billion euros Italy tax settlement

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Gucci owner Kering agrees to 1.25 billion euros Italy tax settlement. PARIS (Reuters) - French luxury goods group Kering said on Thursday it had agreed to a 1.25 billion euro ($1.40 billion) settlement to draw a line under a dispute with Italian tax authorities centered on its fashion brand Gucci. The company's Swiss-based Luxury Goods International (LGI) subsidiary has been under investigation for allegedly avoiding tax on earnings generated by Gucci in Italy. "The group has concluded today a settlement with the Italian Revenue Agency relating to claims vis-a-vis its Swiss subsidiary," Kering said in a statement.

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Wednesday, May 08


News

Kering (KER) Given a €480.00 Price Target at Morgan Stanley – Finance Daily

KER SIE +1 more KER SIE MS

Kering (EPA:KER) has been assigned a €480.00 ($558.14) price objective by investment analysts at Morgan Stanley in a note issued to investors on Wednesday, Borsen Zeitung reports. Morgan Stanley’s price target suggests a potential downside of 5.29% from the stock’s previous close. Royal Bank of Canada set a €565.00 ($656.98) target price on Kering and gave the company a “buy” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock.

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KERING S A/ADR (PPRUY) and Its Competitors Critical Survey – Finance Daily

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KERING S A/ADR (PPRUY) and Its Competitors Critical Survey – Finance Daily. KERING S A/ADR (OTCMKTS: PPRUY) is one of 19 public companies in the “Insurance agents, brokers, & service” industry, but how does it weigh in compared to its rivals? We will compare KERING S A/ADR to related companies based on the strength of its risk, analyst recommendations, earnings, profitability, institutional ownership, dividends and valuation. This is a breakdown of recent ratings and recommmendations for KERING S A/ADR and its rivals, as provided by MarketBeat.com.

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Thursday, April 25


News

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros - sources

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Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros - sources. MILAN (Reuters) - French luxury group Kering is close to agreeing to pay between 1.3 billion (£1.1 billion) and 1.4 billion euros to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters. The agreement between the French luxury goods group and the Italian tax authority is expected to be signed in the first days of May, said one of the sources, who all have direct knowledge of the matter. Earlier this year Kering said it faced a claim for 1.4 billion euros in unpaid Italian taxes, adding that it contested the preliminary findings.

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Tuesday, April 16


Social Chatter

Kering SA (N100:KER) social chatter is higher than usual

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Donations to rebuild Notre-Dame €50 million - Paris City Hall €100 million - Total SA €100 million - Pinault family & Kering €200 million - Arnault family & LVMH €200 million - Bettencourt family & L’Oreal —————— €650 million (within a few hours) #0urWorld #NotreDame

Friday, April 12


News

Critical Contrast: KERING S A/ADR (PPRUY) and Its Rivals

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KERING S A/ADR (PPRUY) and Its Rivals – Modern Readers. We will compare KERING S A/ADR to related businesses based on the strength of its institutional ownership, earnings, dividends, risk, profitability, valuation and analyst recommendations. KERING S A/ADR is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry. KERING S A/ADR pays out 21.6% of its earnings in the form of a dividend. As a group, “Insurance agents, brokers, & service” companies pay a dividend yield of 1.6% and pay out 32.3% of their earnings in the form of a dividend.

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Thursday, April 11


News

Financial Survey: KERING S A/ADR (PPRUY) versus The Competition – Highlight Press

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KERING S A/ADR (PPRUY) versus The Competition – Highlight Press. We will compare KERING S A/ADR to related businesses based on the strength of its risk, institutional ownership, profitability, analyst recommendations, dividends, earnings and valuation. KERING S A/ADR pays out 21.6% of its earnings in the form of a dividend. As a group, “Insurance agents, brokers, & service” companies pay a dividend yield of 1.6% and pay out 32.3% of their earnings in the form of a dividend. This is a breakdown of recent ratings for KERING S A/ADR and its peers, as provided by MarketBeat.

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