Kering : Gucci recovery likely in Q4, but what about further out?
>A fairly favourable environment overall in Q4 and Gucci recovery confirmed in Asia, but a pretty cautious tone on margins in H2 - No really surprising aspects in the overall picture painted by the company for Q4 up to now. The improvement in Europe set in train in Q3 was confirmed up until November (in our view, the main beneficiaries are Saint Laurent, Bottega Veneta and Balenciaga), the US remains in good shape although the pace in Q2 and Q3 (two-year retail growth...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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