Kering : Cloudy skies ahead
>Cautious tone on the year-end, more visible concerns on Gucci and Balenciaga - The indications provided by the group for retail sales at end-November reflects a cautious tone: Europe remains dynamic but is flat in terms of 3-year growth compared to the previous quarter, which by our calculations implies y-o-y growth at constant currencies only just above 20%, a significant deceleration vs the +74% in Q3. Japan shows an acceleration but trends are more challenging in ...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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