Kering : Marked deterioration in the environment, further significant forecast downgrades, Gucci and Saint Laurent under pressure
>Tougher context in Asia with Gucci and Saint Laurent at bottom of the wave: H2 revenues est. at -11% (-5% before), 2025 revenues at +3.5% est. (+6.2% before) - The group gave no precise new information on business trends in Q3 but recalled that the start of the quarter had been less favorable than the performance reported for Q2 (Gucci revenues at -19% y-o-y cc, group revenues at -11%) and that the macroeconomic environment deteriorated in China over the summer while...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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