ENXTPA:KERLuxury
Kering Reset Weighs Gucci Focus L'Oréal Beauty Deal And Store Closures
Kering (ENXTPA:KER) has announced a broad transformation plan that includes a new partnership with L'Oréal to develop its beauty segment.
The group is closing more than 100 stores as part of a restructuring focused on profitability and tighter brand positioning.
Management is emphasizing Gucci with new leadership and creative direction, alongside a special dividend linked to the planned sale of the Beauté division.
Kering shares trade at around €288.0, with a mixed performance profile that...