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PARIS – French luxury group Kering said net profit rose 159.5 percent in the first half versus the same period last year, as revenues rebounded sharply from the lows plumbed during the ...
French group Kering, the brand behind luxury houses like Gucci, Saint Laurent and Balenciaga, is investing a whopping $963 million in prime New York City property, the company said in a press ...
Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. LVMH's Arnault, the L'Oréal heiress, the brothers behind Chanel, and Kering's founder all made bank.
In 2014, Kering created its own eyewear production arm, Kering Eyewear, growing its revenue to 1.5 billion euros in 2023, and acquired the eyewear brands Lindberg in 2021 [30] and Maui Jim in 2022. [31] The traditional Balenciaga house was turned into a disruptive fashion house [32] and Yves Saint Laurent hit the 2-billion dollar sales mark in ...
Artémis bought the news magazine Le Point in 1997, [10] the Stade Rennais F.C. in 1998, [11] the History-focused publisher Tallandier in 1999, [12] the luxury cruise operator Ponant in 2015 [13] and the Brittany-Japan fusion Breizh Café. The group launched the tech-focused investment fund Red River West in 2017. [14]
Kering (then PPR) bought into Sowind Group and Girard-Perregaux, which dates back to 1791, in 2008, acquiring a majority stake in 2011. ... Super Micro stock set to notch 70% weekly gain as ...
Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. [citation needed] LVMH is a component of the Euro Stoxx 50 stock market index. [21] Make Up For Ever was established in 1984, [22] and it was acquired by LVMH in 1999. [23]
Meanwhile, shares of Hermès competitor Kering (KER.PA) are down over 40% year-to-date but analysts expect a bounceback, making this luxury brand a potential bargain. —Alicia Adamczyk Trend 3: A ...