Discussion: The State of Kering

[Creative]

194 now… it keeps going lower and lower! I thought 198 was it’s rock bottom but it looks like it will keep going down.

 

[kasper!]

Bottega Veneta has closed 4 stores in this past March in mainland China. The most shocking one was in the TaiKoo Li Chengdu...

FYI the Gucci @ Taikoo Li Chengdu was No1 store during Michele reign for a really long time.

 

[TomBlanksFullFatMiuMiu]

Bottega Veneta has closed 4 stores in this past March in mainland China. The most shocking one was in the TaiKoo Li Chengdu...

Chanel soon after Blazy's collections hit the stores

 

[JohannesL]

Bottega Veneta has closed 4 stores in this past March in mainland China. The most shocking one was in the TaiKoo Li Chengdu...

FYI the Gucci @ Taikoo Li Chengdu was No1 store during Michele reign for a really long time.

Not to defend Kering, but isn't the same thing for all retail sectors in that country hit by its bursting real estate bubble?

 

[Creative]

They are at 191 now 🫥

They must be getting bald in the offices… by no means they expected such a drop. They are worth less than Ralph Lauren now

 

[yslforever]

They are at 191 now 🫥

They must be getting bald in the offices… by no means they expected such a drop. They are worth less than Ralph Lauren now

No no, Ralph Lauren market as of today is at 13,3 billions USD and Kering at 23,7 billions EUR.
For references Moncler is at 15,56 b EUR.
But I suspect Q1 will be disastrous too.
(and BA at LVMH is super distraught so I think Kering will be worse)

 

[Creative]

^Yes, sorry, I meant the stocks! RL is 199€ now 🫣

 

[Creative]

178€ today 😷 dear lord

 

[yslforever]

178€ today 😷 dear lord

how much are you losing ?
I keep my fingers crossed for the dismantling of the group

 

[Creative]

how much are you losing ?
I keep my fingers crossed for the dismantling of the group

Hahaha, I just have a little bit, thank god I sold almost everything when Sabato left and all of a sudden stocks went up. I was lucky tbh, because I was planning on buying a lot when Hedi was being rumored 🫣

 

[yslforever]

Hahaha, I just have a little bit, thank god I sold almost everything when Sabato left and all of a sudden stocks went up. I was lucky tbh, because I was planning on buying a lot when Hedi was being rumored 🫣

All good then , I dumped all my portfolio on January 2nd, all of them .

 

[Creative]

All good then , I dumped all my portfolio on January 2nd, all of them .

Lucky you!

I think many people bought quite a lot when SDS because they thought it couldn’t be worse, but I was very tired of them and sold it… won some decent money but left a little thinking they could somehow make decent decisions. I should’ve lost it all though.

 

[style_expert]

The latest drop, of course, is part of the broader plunge, thanks to the idiotic tariff announcement.

The outlook for the luxury market over the next few years isn’t promising, and Kering appears to be the least prepared of them all. Perhaps Demna can design a 'Made in USA' line and dress Melania in Gucci to save Kering

 

[Lola701]

I guess Trump with the 20% just killed any hope for Pinault. The next AG will be very interesting. I guess they are even more clueless of what the future holds than before.

 

[PDFSD]

Gucci has been outlet ready for a longtime now. It started with the Gucci/Adidas collab. I think it was a rather ambitious collab but most of it ended up in outlets. And really since then it continued. And the thing is that they didn’t have that boost of the farewell collection of Alessandro because people were already tired of his stuff.

I really liked the B Bag in it menswear version and was contemplating buying it. I know this bag won’t be in the catalogue next year. I may just wait for it to end up in the outlet to get it…

I also think that Saint Laurent issue is the leather goods department. Indeed, it feels like merch totally detached from the vision of Anthony. You could never imagine none of the women on the runway carrying the bags in the shops.
And for his womenswear to be so infused with the work of Yves, the accessories looks too much like Chanel.
There are enough bags in the archives for them to have the kind of line up they have.

because the bag genius that bellatinni lady move him to gucci was chanel bags consultant for the supplier etc etc ......

rtw ysl one note coded bag chanel coded shoes tom ford gucci coded all on repeat like a broken record in a cover sleeve homage to helmut newton shot by hedi

 

[HigthaVandah]

rtw ysl one note coded bag chanel coded shoes tom ford gucci coded all on repeat like a broken record in a cover sleeve homage to helmut newton shot by hedi

This is beat poetry:

rtw
YSL one note coded
bag
chanel coded
shoes
tom ford gucci coded

all on repeat
like a broken record
in a cover sleeve homage
to helmut newton
shot by hedi

 

[JohannesL]

I hope the Qatari will add some brands to their portfolio once Kering collapses.

 

[Kimihiro]

Kering is too ill-equipped, unless Demna surprises everyone but even then the luxury downturn won’t get better.

I mean why would I buy when what they stock at the stores is an insult to anyone remotely interested in fashion?

Sorry but I’m all too keen on Kering’s demise. These brands deserve better or some should be put to sleep.

 

[yslforever]

Lucky you!

I think many people bought quite a lot when SDS because they thought it couldn’t be worse, but I was very tired of them and sold it… won some decent money but left a little thinking they could somehow make decent decisions. I should’ve lost it all though.

yes, just sold 100% of the portfolio before the inauguration, the uncertainty was 100% predictable. (NVDA and TSLA too).
I was just wondering last week if I should buy back KERING or if they can go any lower, but now I know they can sink even more.
EDIT; I will wait for the next profit warning, buy back, and wait 4 years.

 

[Creative]

yes, just sold 100% of the portfolio before the inauguration, the uncertainty was 100% predictable. (NVDA and TSLA too).
I was just wondering last week if I should buy back KERING or if they can go any lower, but now I know they can sink even more.
EDIT; I will wait for the next profit warning, buy back, and wait 4 years.

Yes, I think it will be 160 soon. I left a little of several companies because I didn’t believe Trump was going to be so hard, but anyways, it’s just a little and in a few years it will be profitable again I believe. I should’ve sold everything too, but oh well.

I just know that if they could go back in time they would’ve never appointed Demna. It was possibly the most distrastous decision ever in fashion history I believe. Not even Wang at Balenciaga, because Wang was hot at the time and Balenciaga was kind of small.

He is in his last legs, his relevance is long gone… how on Earth are they not capable of seeing it? What a mistery.