KERING: As anticipated Gucci caught up in Q1, but even more than expected | BUY Top Picks | EUR680 VS. EUR650 (+9%)
KERING - BUY Top Picks | EUR680 VS. EUR650 (+9%)As anticipated Gucci caught up in Q1, but even more than expected
Kering Q1 2021 sales grew 26% and 6% vs Q1 2019
Gucci retail sales grew 2% vs Q1 2019
Bottega Veneta and Saint Laurent Q1 sales up vs Q1 2019
TP lifted to EUR680 from EUR650
Kering is engaged in the retail industry, particularly luxury fashion brands. Co.'s operations can be divided into two segments: Luxury and Sport & Lifestyle divisions. The Luxury division includes brands such as Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen, Girard-Perregaux & JeanRichard, & Stella McCartney. In addition, Co. offers Leather Goods, Shoes, Ready-to-wear, Watches, and Jewelry & Other products. The Sport & Lifestyle division designs & develops footwear, apparel & accessories and includes brands like Puma, Volcom and Electric among others.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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