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 🫣