Kering sinks on Gucci's appointment of Demna Gvasalia
Kering (PPRUF) shares are slumping after Demna Gvasalia (known mononymously as Demna), the creative director of Balenciaga, was appointed as the new head of Gucci. Morning Brief hosts Brad Smith and Madison Mills discuss the negative analyst response and concerns over Demna's controversial past affecting Gucci's future.
Kering Stock Tumbles After Edgy Designer Demna Named to Lead Gucci
Shares in Kering sank, after the French fashion conglomerate named the provocative designer Demna as artistic director of Gucci, its largest brand. Kering stock recently stood more than 13% lower, putting the shares on course for one of their biggest one-day drops on record,
Demna has a strong viewpoint ... which is the secret sauce for a brand like Gucci,” Bernstein SG analyst Luca Solca said.
Kering, which also owns Bottega Veneta, Saint Laurent and McQueen, praised Demna’s tenure at Balenciaga, where he has been ...
Kering (PPRUF) has experienced 6 consecutive quarters of revenue declines, struggling to maintain growth. Read why I remain ...
Shares in François-Henri Pinault luxury fashion empire Kering fell sharply on Friday following his decision to appoint ...
RBC Capital analyst Piral Dadhania maintained a Hold rating on Kering SA (0IIH – Research Report) today and set a price target of €260.00. The ...
Kering SA disappointed investors by naming an internal designer to oversee a makeover of its struggling Gucci brand, turning ...
Kering SA (OTCMKTS:PPRUY – Get Free Report) has received a consensus recommendation of “Reduce” from the eight brokerages ...
J.P. Morgan analyst Chiara Battistini maintained a Sell rating on Kering SA (0IIH – Research Report) today. The company’s shares closed ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback