yslforever
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- Nov 13, 2021
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I don't think the analysts will buy the narrative so simply. Kering lacks some serious strategic vision: all their beauty and perfumes are licensed (to Coty or L'Oréal), their jewelry brands are laughable, their watches too, and actually Kering already owns a menswear company, Brioni, which they mismanaged at every opportunity...Q4 figures are going to be made public in February, so it might not be a bad idea for them to make this announcement now, so they have a stronger narrative about the path forward. In other words, if they need some good news and the appearance of coming stability, this could be that.
I don't know de Sarno, the analysts neither, this move alone won't save Kering's face.