Kering SA

Kering SA engages in the design, manufacture, marketing, and retail of luxury apparel and accessories. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics products. It operates through the following segments: Gucci, Yves Saint Laurent, Bottega Veneta, Other Houses, and Kering Eyewear and Corporate. The company was founded in 1963 and is headquartered in Paris, France.

Brilliant Earth Group

Tapestry

There are some high-end retail stocks for investors to avoid amid the luxury goods segment being tested in 2024. There are some struggling brands that investors should steer clear of due to their declining fundamentals and uncertain growth prospects.

3 High-End Retail Stocks to Drop Amid the Luxury Slump

American Eagle Outfitters

Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of American Eagle Outfitters (AEO) and Kering SA (PPRUY). But which of these two stocks is more attractive to value investors?

AEO or PPRUY: Which Is the Better Value Stock Right Now?

Farfetch

It's been a bad week for Farfetch FTCH , the luxury e-commerce marketplace, and by extension, South Korea-based Coupang, its new owner as of December 30.

Farfetch Hit With Lawsuit And Neiman Marcus Group And Kering Cut Commercial Ties

Kering, the owner of brands like Gucci and Balenciaga, saw shares jump more than 6% despite warning the downturn of luxury goods would continue into 2024. François-Henri Pinault, the group's boss, said it faced a “trying” 2023 and because of its plan to continue investing in its brands in 2024, earnings may suffer in the short term.

Gucci owner warns luxury slowdown will continue in 2024

Gucci owner Kering warned that recurring operating income in 2024 would fall short of last year's figure, particularly in the first half, with investments and a normalization of sales growth across the sector seen weighing on its profits.

Kering Cautious on Profits Outlook

Kering - Press release - 2023 Full-year results

Kering: Press release - 2023 Annual Results

The retail condo sale, which was announced by French fashion conglomerate Kering, is momentous on several levels.

Gucci owner pays nearly $1B to scoop up tower on red-haute Fifth Avenue

The announcement comes as Kering and the wider luxury-goods industry grapple with slowing sales globally after years of strong results following the pandemic.

Gucci Owner Buys Fifth Avenue Property in New York City for $963 Million

Press release - Acquisition of Fifth Avenue property in New York 220124

Kering: Acquisition of prestigious Fifth Avenue property in New York City

Kering shares have fallen sharply over the past year, with the luxury goods giant facing both macroeconomic and brand-specific headwinds right now. While Gucci's underperformance is stark versus peers like Louis Vuitton, analysts do see EPS bottoming this year. At around 13.5x consensus 2023 EPS, Kering only really needs medium-term growth in line with the broader luxury market for the shares to work at their current level.

Kering: Beset By Cyclical Headwinds; Shares Undervalued

Press release - Departure of Tidjane Thiam from Kering's Board of Directors 09 01 2024

Kering: Departure of Tidjane Thiam from Kering's Board of Directors

Press release - half yearly achievement report on Kering share quotations liquidity mandate - December 2023

Kering: Half-yearly achievement report on Kering share quotations liquidity mandate as of December 31, 2023

Hibbett Sports

Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of Hibbett (HIBB) and Kering SA (PPRUY). But which of these two stocks is more attractive to value investors?

HIBB vs. PPRUY: Which Stock Is the Better Value Option?

Cie Financiere Richemont SA

LVMH Moet Hennessy Louis Vuitton

Hermes International

Luxury group stocks have had a mixed performance in 2023 as concerns about the sector rose. While Hermes (RMS) stock price is hovering near its all-time high, others like LVMH, Kering, and Richemont are crawling back.

Here's why I'm buying LVMH, Hermes, Kering, Richemont stocks

Kering: Interim dividend for financial year 2023

Kering is a global luxury group based in France, owning brands including Gucci and Saint Laurent. Revenue has grown at a CAGR of 8%, while EBITDA-M has improved to 31%. We believe the current trajectory is sustainable. The Balenciaga scandal will likely be offset by improvements in China. The wider question is whether Balenciaga can recover from this in the next 3-5 years.

Kering: Luxury Fashion Leader Trading Cheap

Press Release - Kering completes the acquisition of a 30pct shareholding in Valentino

Press release: Kering completes the acquisition of a 30% shareholding in Valentino

Rivian Automotive

Tesla

It's been a rough time for short sellers. Famed short-seller Jim Chanos recently shut down his fund after years of uneven performance and dwindling assets under management.

Hedge Funds Favorite Short? 3 They Love to Bet Against

Burberry Group PLC

High fashion companies have high profit margins, growing revenues, and competitive advantage from successful historical brands. In this case, being European companies, it is important to consider the withholding tax. At the right price, I would buy them all, especially Hermès.

High Fashion Companies: Which One Has The Best Dividend?

Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either Hibbett (HIBB) or Kering SA (PPRUY). But which of these two stocks offers value investors a better bang for their buck right now?

HIBB or PPRUY: Which Is the Better Value Stock Right Now?

Press release - GBP Bond issue - November 2023

Kering successfully issues an inaugural sterling bond for a total amount of £800 million in two tranches

Analysts and investors are starting to worry about the luxury brand industry, making it a good time to take a closer look. Luxury brands trade at high valuations due to strong demand, good margins, strong brands, and pricing power. Kering SA presents a great deal for value investors in the luxury brand industry.

Kering SA: Premium Brands At Discounted Prices

Luxury goods stocks have nosedived as growth in key markets like China, the European Union, and the United States slows. LVMH stock price crashed to a low of €659.6 this week, down by more than 24% from the highest level this year.

Kering, LVMH, Hermes stock prices have slipped: buy the dip?

Luxury group Kering reported a 9% decline in revenue on a comparable basis in the third quarter, attributing the drop to macroeconomic conditions and its own changes in distribution.

Kering Says Macroeconomic Conditions and Distribution Changes Lowered Revenue

Kering - Press release - Third quarter 2023 revenue

News for Kering SA Stock (PPRUY)