Kering SA

Kering SA engages in the design, manufacture, marketing, and retail of luxury apparel and accessories. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics products. It operates through the following segments: Gucci, Yves Saint Laurent, Bottega Veneta, Other Houses, and Kering Eyewear and Corporate. The company was founded in 1963 and is headquartered in Paris, France.

Gucci sales were hit hard at the beginning of the coronavirus crisis due to its strong reliance on Chinese customers, owner Kering said on Tuesday, though it added that the Italian brand should be well positioned for a recovery. Kering sales fell 15.4 percent, to $3.47 billion, in the first quarter, affected, like its rivals,.

Gucci parent company left naked amid lower demand from Chinese shoppers

Gucci sales were hit hard early in the coronavirus crisis due to the fashion group's reliance on Chinese customers, owner Kering  said on Tuesday, adding that it was premature to say how quickly China sales would rebound.

Kering cautious on China rebound after coronavirus hits Gucci sales

French luxury goods group Kering  said on Tuesday comparable sales fell by 16.4% in the first quarter, with its Gucci brand hit harder than its other labels due to its strong exposure to China at the start of the coronavirus outbreak.

Gucci sales hit hard by start of virus outbreak in China

François-Henri Pinault, the French billionaire chairman and CEO of luxury goods group Kering , has agreed to a pay cut in the latest example of top executives accepting lower salaries as a gesture of solidarity during the coronavirus crisis.

Kering luxury goods billionaire Pinault agrees to pay cut

Gucci parent Kering KER, +10.36% said Friday it expects first-quarter revenue to fall 13% to 14% from the year-earlier period, as the coronavirus that causes COVID-19 weighs.

Gucci parent Kering sees Q1 revenue down 13% to 14% as coronavirus outbreak weighs

Gucci opens Chicago pop-up store and celebrates new Gucci Changemakers program.

Gucci Opens Chicago Pop-Up Store And Celebrates New Gucci Changemakers Program

Gucci owner Kering SA has seen a negative impact on sales from the coronavirus, its CEO said Wednesday.

Gucci parent Kering closes half of China stores, takes sales hit from coronavirus

Kering SA (PPRUY) CEO François-Henri Pinault on Q4 2019 Results - Earnings Call Transcript

Gucci-owner Kering's  chairman Francois-Henri Pinault said on Wednesday the company was frustrated with the slow pace of progress in cosmetics development with license holder Coty.

Kering frustrated with slow progress in cosmetics development

Gucci-owner Kering  has closed half of its stores in China and shelved new openings and advertising campaigns there as the coronavirus epidemic throws luxury brands into turmoil.

Gucci owner Kering halts spending in China on virus fears

Kering  on Wednesday said the coronavirus health scare in China could heighten uncertainties for the luxury goods market, as the Gucci owner posted higher-than-expected sales for the fourth quarter of 2019.

Gucci owner Kering flags China virus uncertainties after strong fourth-quarter

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Tapestry

The luxury goods industry normally relishes the spotlight, but in the case of China’s coronavirus it is ruing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year.

Sparkle fades as coronavirus risks wiping out luxury goods growth

European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong.

China virus scare sends shudder through European luxury goods sector

Shares in the luxury coat brand surged on reports of talks with Gucci owner Kering.

Moncler Shares Jump On Reports Of Talks With Gucci Owner Kering

Happy Thursday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.

Another big luxury deal may be brewing

Shares in Italian jacket maker Moncler MONC, +10.66% surged in Milan after Bloomberg reported Kering KER, +1.69% , the French luxury brands owner, has held exploratory talks to buy it.

Moncler surges on report Kering has held talks to buy it

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Seaboard

The deal doubles LVMH’s jewelry market share to 18%. More importantly, it is by far the conglomerate’s biggest acquisition in its history.

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Shares in leading French luxury companies fell on Tuesday after the United States issued a new set of tariff threats on French products.

Leading French luxury stocks fall after latest U.S. tariff threats

The $8.8 billion fashion giant is offsetting the carbon footprint of its entire supply chain. CEO Marco Bizzarri is challenging other business leaders to join him.

Gucci took action on climate change. Now it’s daring other companies to do the same

Shares of Kering KER, +8.74% surged over 8% on Friday, on track for the strongest one-day percentage gain for the company in two years, as the French luxury goods group reported 11.6% comparable-sales growth in the third quarter.

Kering shares surge on double-digit sales growth at Gucci

Revenue growth at Kering SA's  Gucci brand slowed further in the third quarter, though the label managed to offset some of the turmoil in Hong Kong through business in other Asian markets and its sales beat expectations.

Gucci posts solid growth despite Hong Kong turmoil

German sportswear group Puma  cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions.

Puma ups guidance despite U.S. tariffs on China

Italian eyewear maker Safilo has renewed for three years an accord with French luxury giant Kering to manufacture and supply Gucci-branded products, the companies said on Friday.

Safilo renews key Gucci supply accord with Kering for three years

French luxury group Kering  moved to reduce its remaining stake in Puma  on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand.

Luxury group Kering trims Puma stake with 500 million euro bond

Hermes International

Louis Vuitton and Hermes lead the way, while Gucci owner Kering has slowly lost its upward pace.

News for Kering SA Stock (PPRUY)