Kering : Fresh downgrades to our forecasts, patience still in order
>The end of the year is set to remain challenging, hence a continuing gap with the sector trend with Q4 growth just slightly less negative than that of Q3 - The retail sales trends by geography highlighted by the group at this stage in Q4 (Europe in line with the previous quarter, at -10% y-o-y cc, slight improvement in the Americas after -21% in Q3 , growth still robust in Japan but normalising after +28% in Q3, and fairly limited growth in China despite the compari...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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