Shares of Kering (PPRUY, KER.PA) are falling Wednesday, following the company's announcement that its iconic Gucci brand has faced a slowdown in sales...
) are falling Wednesday, following the company's announcement that its iconic Gucci brand has faced a slowdown in sales. Kering has issued a warning regarding its first quarter sales performance, weighing on the company's stock price. -- Nvidia Corp. Chief Executive Officer Jensen Huang’s highly anticipated keynote failed to move the needle for his stock. But it turned out to be good for many of the company’s customers and partners.
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President Joe Biden and former President Donald Trump have already clinched the presidential nominations of their respective parties, making a rematch in the 2024 election a reality. Regardless of...Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud case.
The California-based company said the stock split was subject to shareholder approval at its upcoming annual meeting on June 6. If approved, shareholders of record as of June 18 will get 49 additional shares for each share held. The shares are expected to begin trading on a post-split basis at market open on June 26, in what the company described would be one of the biggest stock splits in New York Stock Exchange history.
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Gucci Sales to Plunge 20% in First Quarter on Asia Slowdown, Kering SaysKering SA warned that sales at Gucci will plunge about 20% in the first quarter due to a steeper than expected decline in the Asia-Pacific region, widening the gap between the French luxury company and its main rivals.
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Gucci Owner Kering’s Warning Portends Tough First Quarter for Luxury SectorThe European luxury industry faces a significant first-quarter slowdown, with Gucci-owner Kering SA’s sales warning considered a bad omen for the sector.
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Kering’s Gucci Warning Wipes $7.6 Billion Off Market Value(Bloomberg) -- Kering SA shares plunged after the French luxury group warned that sales at Gucci, its biggest brand, have fallen about 20% in the first...
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European Stocks Drop as Luxury Sees $30 Billion Value WipeoutEuropean stocks fell, weighed down by a slump for luxury shares that wiped more than $30 billion off their market value, after Kering SA warned that sales at Gucci have plunged.
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Markets today: Traders await Fed with luxury in focus after GucciLuxury stocks led losses in Europe after Gucci-owner Kering SA warned about declining sales, fueling worries about high-end consumer spending in China. Treasuries and U.S. equity futures were steady before today’s U.S. Federal Reserve meeting.
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Lily Gladstone’s Custom Gucci Gown at the 2024 Oscars Pays Homage to Her Indigenous RootsBest actress nominee Lily Gladstone wore a look made in collaboration with Joe Big Mountain of Ironhouse Quillwork.
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