Tag: Kering

Kering reports 26.8% jump in six months revenue
Global

Kering reports 26.8% jump in six months revenue

Luxury fashion group, Kering said its consolidated revenue in the first half of the year rose to €6,432 million, up 26.8% as reported and 33.9% on a comparable basis. Kering’s group CEO, François-Henri Pinault, Chairman and Chief Executive Officer said: “Kering achieved dazzling top-line and earnings performances in the quarter […]

Kering to hands-off Christopher Kane
Big Business Global

Kering to hands-off Christopher Kane

Kering is announcing that discussions are underway with Mr. Christopher Kane 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. As an accounting […]

Why Puma is pulling out of Kering?
Big Business Sports

Why Puma is pulling out of Kering?

As from today, Puma, the sportswear maker will no longer be a subsidiary of Kering. Kering is a luxury fashion holding company that is known for iconic brands such as. The separation is following the approval of the transaction by Kering shareholders at the Group’s General Meeting held on April […]

Kering redeems €405 million bond offer
Europe Global

Kering redeems €405 million bond offer

Kering has announced an offer to redeem four bond issues maturing in 2019, 2020, 2021 and 2022 at a par value of €405 million (excluding accrued interest) launched on 26th March 2018. The amounts redeemed break down as follows: • €200 million (par value) of a first issue of €500 […]

Kering, LVMH have a new policy on dealing with models
Global

Kering, LVMH have a new policy on dealing with models

Luxury fashion brand makers, LVMH and Kering have released a charter for the well-being of models that will be implemented throughout all their brands. Kering said in a statement that the charter is applicable worldwide, reflects high standards of integrity, responsibility and respect for those concerned. On top of paying […]

Kering drops counterfeit lawsuits against Alibaba
Tech

Kering drops counterfeit lawsuits against Alibaba

Alibaba and Kering said they have partnered to combat fakes and counterfeiting of the former’s brands as well as the intellectual property of its many luxury fashion brands. As a result of the partnership, Kering said it has agreed to dismiss the lawsuit filed against Alibaba and Alipay, an Ant […]