Kering : Cautious message on Asia set to cool enthusiasm somewhat
>A good Q1 in most zones but China situation in March prompts caution - We understand that retail sales for the group’s luxury houses trended positively in most zones in Q1 with a continuation of the marked catch-up in Europe (retail sales in the zone had grown by +59% y-o-y in Q4 2021 cc and the comparison base is very favourable in Q1, with last year impacted by large-scale store closures), and spending in the US still in very good shape although the pace of 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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