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Kering SA (PRTP.PA)

PRTP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kering Says Well Placed For Acquisitions if Opportunities Arose
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Kering ::GROUP MANAGING DIRECTOR SAYS GROUP IS WELL PLACED TO SEIZE OPPORTUNITIES FOR EXTERNAL GROWTH IF THEY PRESENTED THEMSELVES.CFO STILL REALISTIC TO EXPECT GUCCI SALES TO GROWTH AT TWICE THE MARKET PACE, GLOBAL INDUSTRY SEEN GROWING AROUND 5 TO 6 PERCENT THIS YEAR.CEO IF THERE WERE OPPORTUNITIES FOR M&A, WE HAVE FINANCIAL ABILITY TO SEIZE THEM RAPIDLY BUT DON'T NEED ACQUISITIONS TO GROW.GROUP MANAGING DIRECTOR HAPPY TO REMAIN SHAREHOLDERS IN PUMA, BUT HAVE FLEXIBILITY TO LOOK SALE OPPORTUNITIES IF THEY PRESENTED THEMSELVES.CEO GUCCI HAD A GOOD START TO THE YEAR, TRENDS IN LINE WITH Q4.  Full Article

Kering CEO Says Balenciaga Revenues Will Top 1 Billion Euros In 2019
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Kering SA ::CEO SAYS BALENCIAGA'S REVENUES WILL SURPASS 1 BILLION EURO MARK BY A LONG WAY IN 2019.  Full Article

Kering CEO Says Confident Gucci Can Continue To Outperform Luxury Market
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Kering SA ::CEO SAYS CONFIDENT GUCCI CAN CONTINUE TO OUTPERFORM LUXURY MARKET.  Full Article

France's Kering Completes Spin-Off of Puma To Shareholders
Tuesday, 15 May 2018 

May 16 (Reuters) - Kering ::SAYS EXIT OF PUMA FROM THE GROUP IS NOW EFFECTIVE.SAYS, AS PREVIOUSLY ANNOUNCED, KERING WILL RETAIN 15.70 PCT OF PUMA'S SHARE CAPITAL AND 15.85 PCT OF THE SHARES OUTSTANDING AND VOTING RIGHTS OF PUMA.KERING SAID IN JANUARY IT PLANNED TO DISTRIBUTE 70 PCT OF PUMA TO ITS SHAREHOLDERS nL8N1P71E3.  Full Article

Kering Shareholders Approve Distribution in Kind of Stake in Puma
Thursday, 26 Apr 2018 

April 26 (Reuters) - Kering ::KERING SHAREHOLDERS AT AGM APPROVE SPIN-OFF OF MAJORITY OF PUMA <<>> STAKE HELD BY THE FRENCH GROUP TO ITS SHAREHOLDERS.  Full Article

Kering Chairman Says Update Of Gucci Strategic Plan Could Be At Year End Or In Early 2019
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Kering ::CHAIRMAN SAYS GUCCI HAS POTENTIAL TO GROW COMPARABLE SALES BY MORE THAN 10 PERCENT IN 2018.CHAIRMAN SAYS UPDATE OF GUCCI STRATEGIC PLAN COULD BE AT YEAR END OR IN EARLY 2019.  Full Article

Kering Says Trends In January In Line With Those Seen In Q4
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Kering ::CFO SAYS GUCCI CONFIDENT TAX AFFAIRS ARE IN ORDER IN ITALY, COOPERATING FULLY WITH PRELIMINARY INVESTIGATION BY ITALIAN TAX AUTHORITIES.CHAIRMAN SAYS TRENDS IN JANUARY IN LINE WITH THOSE SEEN IN Q4.  Full Article

Kering Says Relationship with Yoox Net-A-Porter Will Not Change Due To Richemont's Bid For Control
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Kering ::CHAIRMAN AND CEO PINAULT SAYS PRIORITY FOR THE GROUP REMAINS ORGANIC GROWTH, ACQUISITIONS NOT NECESSARY FOR THE GROUP IN SHORT OR MEDIUM TERM TO GENERATE GROWTH.GROUP MANAGING DIRECTOR SAYS RICHEMONT'S BID TO BUY OUT REST OF YOOX NET-A-PORTER DOES NOT CHANGE KERING'S RELATIONSHIP AND CONTRACT WITH YNAP.  Full Article

Kering Says Will Retain 15.70 Percent Of Puma's Share Capital Following Spin-Off
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Kering ::SAYS KERING AND ARTEMIS UNDERTAKE TO RETAIN THEIR STAKE IN PUMA <<>> FOR SIX AND 12 MONTHS RESPECTIVELY FROM THE PAYMENT DATE OF SHARES IN PUMA TO KERING SHAREHOLDERS.SAYS KERING AND ARTEMIS DECLARE THAT THEY WILL ACT IN CONCERT VIS-A-VIS PUMA POST-COMPLETION OF THE DISTRIBUTION IN KIND.SAYS KERING RESERVES THE POSSIBILITY TO PURCHASE PUMA SHARES POST-COMPLETION OF THE DISTRIBUTION IN KIND DEPENDING ON MARKET CONDITIONS.SAYS WILL RETAIN 15.70 PERCENT OF PUMA'S SHARE CAPITAL AND 15.85 PERCENT OF THE SHARES OUTSTANDING AND VOTING RIGHTS OF PUMA FOLLOWING SPIN-OFF TO SHAREHOLDERS.  Full Article

Kering Says ‍Puma Plans To Distribute A One-Off Dividend Of 12.50 EUR Per Share For Financial Year 2017​
Friday, 9 Feb 2018 

Feb 9 (Reuters) - KERING ::SAYS ‍PUMA PLANS TO DISTRIBUTE A ONE-OFF DIVIDEND OF 12.50 EUR PER SHARE FOR FINANCIAL YEAR 2017​.  Full Article

UPDATE 1-Strong Asian demand buoys sales at Birkin bag maker Hermes

* Hermes H1 margins to be below record level a year earlier (Writes through with details on China, Hong Kong, leather goods)