DOCSLIB.ORG

Original.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Original.Pdf DISCLAIMER This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction. Certain information contained in this document may include projections and forecasts. They express objectives based on current assessments and estimates of the Group’s executive management which are subject to numerous factors, risks and uncertainties. Consequently, reported figures and assessments may differ significantly from projected figures. The following factors among others set out in the Reference Document (Document de Référence) filed with the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) on March 28, 2018, which is available on Kering’s website at www.kering.com, may cause actual figures to differ materially from projected figures: any unfavorable development affecting consumer spending in the activities of the Group in France and abroad, notably for products and services sold by our Luxury brands, the events, crises, fears, and resulting costs of complying with environmental, health and safety regulations and all other regulations with which Group companies are required to comply; the competitive situation on each of our markets; exchange rate and other risks related to international activities; risks arising from current or future litigation. Kering gives no commitment to updating and/or revising and/or commenting any projections and forecasts, or their impact on the results and perspectives of the Group, which may be contained in this presentation. The information contained in this document has been selected by the Group’s executive management to present Kering’s Full year 2018 results. This document has not been independently verified. Kering makes no representation or undertaking as to the accuracy or completeness of such information. None of the Kering or any of its affiliates representatives shall bear any liability (in negligence or otherwise) for any loss arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. IN NO WAY DOES KERING ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED IN THIS PRESENTATION. INFORMATION IN THIS PRESENTATION, INCLUDING FORECAST FINANCIAL INFORMATION, SHOULD NOT BE CONSIDERED AS ADVICE OR RECOMMENDATION TO INVESTORS OR POTENTIAL INVESTORS IN RELATION TO HOLDING, PURCHASING OR SELLING SECURITIES OR OTHER FINANCIAL PRODUCTS OR INSTRUMENTS AND DOES NOT TAKE INTO ACCOUNT YOUR PARTICULAR INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR NEEDS. BEFORE ACTING ON ANY INFORMATION YOU SHOULD CONSIDER THE APPROPRIATENESS OF THE INFORMATION HAVING REGARD TO THESE MATTERS, ANY RELEVANT OFFER DOCUMENT AND IN PARTICULAR, YOU SHOULD SEEK INDEPENDENT FINANCIAL ADVICE. ALL SECURITIES AND FINANCIAL PRODUCT OR INSTRUMENT TRANSACTIONS INVOLVE RISKS, WHICH INCLUDE (AMONG OTHERS) THE RISK OF ADVERSE OR UNANTICIPATED MARKET, FINANCIAL OR POLITICAL DEVELOPMENTS AND, IN INTERNATIONAL TRANSACTIONS, CURRENCY RISK. READERS ARE ADVISED TO REVIEW THE COMPANY'S REFERENCE DOCUMENT AND THE COMPANY'S APPLICABLE AMF FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISION. 12.02.2019 2 INTRODUCTION FRANÇOIS-HENRI PINAULT CHAIRMAN & CEO 2018, AN EXCELLENT YEAR FOR KERING A FAVORABLE… BUT COMPLEX ENVIRONMENT HEALTHY, BALANCED AND PROFITABLE GROWTH VISION, STRATEGY, EXECUTION, FINANCIAL DISCIPLINE POWERFUL CULTURE AT THE ROOT OF OUR INCREASE IN REVENUE +€2.8BN SUCCESS INCREASE IN EBIT +€1.3BN VALUE CREATION AND SHAREHOLDER RETURN 12.02.2019 4 ANALYSISANALYSIS OFOF RESULTSRESULTS JEAN-MARCJEAN-MARC DUPLAIX GROUPGROUP CHIEF CHIEF FINANCIALFINANCIAL OFFICER OFFICER PERFORMANCESPERFORMANCESPERFORMANCESPERFORMANCES OPÉRATIONNELLES OPÉRATIONNELLES OPÉRATIONNELLES OPÉRATIONNELLES REMARQUABLES REMARQUABLES REMARQUABLES REMARQUABLES CHIFFRECHIFFRECHIFFRECHIFFRE D’AFFAIRES D’AFFAIRES D’AFFAIRES D’AFFAIRES GROUPE GROUPE GROUPE GROUPE (en (en M€)(en (enM€) M€) M€) 13 66513 6651313 665 665 AutresAutresAutres paysAutres pays pays pays EuropeEuropeEurope deEurope l’Ouestde l’Ouestde de l’Ouest l’Ouest 7% 7%(+23%) 7%(+23%)7% (+23%) (+23%) 33%33% (+24%)33% (+24%)33% (+24%) (+24%) 10 81610 8161010 816 816 13 13665 1366513 M€665 665 M€ M€ M€ AsieAsie PacifiqueAsie PacifiqueAsie Pacifique Pacifique +29,4%+29,4%+29,4%+29,4% 32%32% (+34%)32% (+34%)32% (+34%) (+34%) +26,3%+26,3%+26,3%+26,3% en enpublié enpublié en publié publié +34,0%+34,0%+34,0%+34,0% +29,4%+29,4%+29,4%+29,4% en encomparable encomparable en comparable comparable AmériqueAmériqueAmériqueAmérique du Nord du Nord du du Nord Nord JaponJaponJaponJapon 20%20% (+38%)20% (+38%)20% (+38%) (+38%) 8% 8%(+24%) 8%(+24%)8% (+ 24%)(+24%) 20172017 retraité*2017 2017retraité* retraité* retraité* 2018201820182018 % croissance% croissance% croissance% comparable**croissance comparable** comparable** comparable** % du% CA du% et CA du%(% et duCA croissance (% CA et croissance (%et (% croissance comparable)croissance comparable) comparable) comparable) PERFORMANCESOUTSTANDING OPÉRATIONNELLES OPERATINGPERFORMANCES PERFORMANCES REMARQUABLESOPÉRATIONNELLES REMARQUABLES RÉSULTATRÉSULTATRÉSULTATRÉSULTAT OPÉRATIONNEL OPÉRATIONNEL OPÉRATIONNEL OPÉRATIONNEL COURANT COURANTPERFORMANCES COURANT COURANT (en (en M€)(en (enM€) M€) M€) OPÉRATIONNELLES REMARQUABLES +400pb+400pb+400pb+400pb • •Progression•Progression• ProgressionProgression exceptionnelle exceptionnelle exceptionnelle exceptionnelle de de l’EBIT de l’EBIT de l’EBIT l’EBIT CHIFFREGROUP REVENUE D’AFFAIRES (€m) GROUPECHIFFRE (en M€) D’AFFAIRES GROUPE (en M€)3 9443 9443 9443 944 et etde etde laet de la profitabilitéde laprofitabilité la profitabilité profitabilité AutresRoW pays WesternAutres Europe pays 3 9443 9443 M€3944 944 M€ M€ M€ CHIFFRE D’AFFAIRES2 6912 691 2GROUPE 6912 6911313,665 665 (en M€)28,9%28,9%28,9%28,9% 13 665 Europe de l’Ouest Europe de l’Ouest 7%7% (+23%)(+23%) 7%33%33% (+23%) (+24%) (+24%) 33% (+24%) en encroissance encroissanceen croissance croissance de de 47% de 47% de 47% 1010,81647% 816 10 816 •• Doublement• Doublement• Doublement Doublement du durésultat durésultat du résultat résultat opérationnel opérationnel opérationnel opérationnel courant courant courant courant 24,9%24,9%24,9%24,9% 13 665 Autres pays Europe de l’Ouest €13,665m13 665 M€ vs.vs. 2017vs. 2017vs. 2017retraité 2017 retraité retraité retraité13 665 M€ AsieAsia PacifiquePacific en endeux endeuxen deuxans deux ans ans ans 7% Asie (+23%) Pacifique 33% (+24%) 10 816 32%32% ((+34%)+34%) 32% (+34%) +26.3%+26,3% reporteden publié +26,3% en publié +29,4%+29.4% +29,4% 13 665+34,0%+34.0% M€ +34,0% •• Effet• Effet• Effetvertueux Effet vertueux vertueux vertueux du dulevierAsie dulevier du Pacifiquelevier opérationnellevier opérationnel opérationnel opérationnel +29.4% comparable 20172017 retraité*2017 2017retraité* retraité* retraité* 2018201820182018 32%North (+34%) America +29,4% en comparable +29,4% en comparable Japan +29,4% Amérique du Nord Amérique du Nord 12.02.2019 ** À taux de change périmètrecomparableset de change taux À ** Puma,* Volcom, Stella McCartney et Christopher Kane ont été reclassés en activités abandonnées, conformément à norme la IFRS 5 Japon Japon +26,3% en publié RésultatRésultat RésultatopérationnelRésultat opérationnel +34,0%opérationnel opérationnel courant courant en courant M€courant en et M€ enmarge et enM€ marge M€ et en margeet % enmarge % en en% % 20% (+38%) 12.02.2019 20% ** À taux de change périmètrecomparableset de change taux À ** Puma,* Volcom, Stella McCartney et Christopher Kane ont été reclassés en activités abandonnées, conformément à norme la IFRS 5 8% (+24%) (+38%) 20% (+38%) en comparable 8% (+24%) 8% (+24%) RÉSULTAT OPÉRATIONNEL COURANT (en M€) OPÉRATIONNEL RÉSULTAT Un FCF (en M€) NETTEDETTE ET FCF DE GÉNÉRATION retraité 2017 vs. en 3 944 M€ un ratio un ratio 0,4x de EBITDA dette Une nette en baisse, +29,4% +29,4% +26,3% 13 665 M€ GROUPE (en M€) CHIFFRE D’AFFAIRES Amérique du Nord 20172017 restated*retraité* 20182018 2017 retraité* 2018 Japon RÉSULTAT OPÉRATIONNEL COURANT (en M€) OPÉRATIONNEL RÉSULTAT Un FCF (en M€) NETTEDETTE ET FCF DE GÉNÉRATION retraité 2017 vs. en 3 944 M€ un ratio un ratio 0,4x de EBITDA dette Une nette en baisse, +29,4% +29,4% +26,3% 13 665 M€ GROUPE (en M€) CHIFFRE D’AFFAIRES 20% (+38%) % %croissance comparable comparable** growth** %As du a %CA of et revenue (%% croissancecroissance and (% comparable)comparable**comparable growth) 8%% du(+24%) CA et (% croissance comparable) GÉNÉRATIONGÉNÉRATIONGÉNÉRATIONGÉNÉRATION DE DE FCFDE DEFCF FCFET FCF ET DETTE ET DETTEET DETTE DETTE NETTE NETTE NETTE NETTE (en (en M€)(en (enM€) M€) M€) 47% de croissance 2017 retraité* 2018 47% de croissance CASHCASHCASH FLOWCASH FLOW FLOW LIBREFLOW LIBRE LIBRE LIBRE ENDETTEMENTENDETTEMENTENDETTEMENTENDETTEMENT% croissance comparable** % du CA et (% croissance comparable) en comparable en publié en OPÉRATIONNELOPÉRATIONNELOPÉRATIONNELOPÉRATIONNEL FINANCIERde FINANCIERFINANCIERFINANCIER NET NET NET NET GROUP RECURRING OPERATING INCOME (€m) comparable en publié en RÉSULTAT OPÉRATIONNEL COURANTRÉSULTAT (en OPÉRATIONNEL M€) COURANTde (en M€) x1,3x1,3x1,3x1,3 -1 705-1 705M€-1 705M€-1 705 M€ M€ • •CAPEX•CAPEX• CAPEXCAPEX groupe groupe groupe groupe : 828 : 828 : M€828: 828M€ soit M€ soitM€ 6,1%soit soit6,1% 6,1% du6,1% du CA du CA du CA CA +400pb+400bp 2 955 M€ +400pb UnUn FCFUn FCFUn deFCF FCF de2 955 de2 de 955 2 M€ 2955 955M€ M€ M€ 2 955 M€ RÉSULTAT OPÉRATIONNEL2 9552 9552 9553,9442COURANT 955 (en •M€)Progression• exceptionnelle• Le• LeFCF• LeFCF
Load more

Recommended publications
  • Press Release 05.06.2021
    PRESS RELEASE 05.06.2021 REPURCHASE OF OWN SHARES FOR ALLOCATION TO FREE SHARE GRANT PROGRAMS FOR THE BENEFIT OF EMPLOYEES Within the scope of its share repurchase program authorized by the April 22, 2021 shareholders' meeting (14th resolution), Kering has entrusted an investment service provider to acquire up to 200,000 ordinary Kering shares, representing close to 0.2% of its share capital as at April 15, 2021, no later than June 25, 2021 and subject to market conditions. These shares will be allocated to free share grant programs to some employees. The unit purchase price may not exceed the maximum set by the April 22, 2021 shareholders' meeting. As part of the previous repurchase announced on February 22, 2021 (with a deadline of April 16, 2021), Kering bought back 142,723 of its own shares. About Kering A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2020, Kering had over 38,000 employees and revenue of €13.1 billion. Contacts Press Emilie Gargatte +33 (0)1 45 64 61 20 [email protected] Marie de Montreynaud +33 (0)1 45 64 62 53 [email protected] Analysts/investors Claire Roblet +33 (0)1 45 64 61 49 [email protected] Laura Levy +33 (0)1 45 64 60 45 [email protected] www.kering.com Twitter: @KeringGroup LinkedIn: Kering Instagram: @kering_official YouTube: KeringGroup Press release 05.06.2021 1/1 .
    [Show full text]
  • A Balenciaga Brand Case Study
    Art and Design Review, 2021, 9, 46-57 https://www.scirp.org/journal/adr ISSN Online: 2332-2004 ISSN Print: 2332-1997 Popularizing Haute Couture: A Balenciaga Brand Case Study Leonardo Jacques Gammal Zeitune1,2 1University of Lisbon, Lisbon, Portugal 2Masters in Creative Economy Management from Escola Superior de Propaganda e Marketing do Rio de Janeiro and Research, Associate of the Creative Cities Laboratory, Rio de Janeiro, Brazil How to cite this paper: Zeitune, L. J. G. Abstract (2021). Popularizing Haute Couture: A Ba- lenciaga Brand Case Study. Art and Design Technology has transformed the way big names of the fashion industry re- Review, 9, 46-57. lease their collections and exhibitions. From Youtube to Instagram, products https://doi.org/10.4236/adr.2021.91004 of the new technological revolution, even luxury brands have approached their audience by using mass communication. That having been said, the Received: January 14, 2021 Accepted: February 5, 2021 main objective of this article is to introduce the concepts of popular culture Published: February 8, 2021 and mass culture in order to relate them with haute couture through a case study of Balenciaga brand, which is originally a product of haute couture and Copyright © 2021 by author(s) and nowadays has redesigned their clothes from a creative element conquering its Scientific Research Publishing Inc. This work is licensed under the Creative audience in social media. Commons Attribution International License (CC BY 4.0). Keywords http://creativecommons.org/licenses/by/4.0/ Popular Culture, Mass Culture, Balenciaga, Haute Couture, Instagram Open Access 1. Introduction In the last few years, the world faced a big transformation in the technology sec- tor, in particular the technologies of communication and reproduction.
    [Show full text]
  • Robotica Prep with Purpose, the Look Is Straight Edge – Sharp and Tailored
    AW 10 BEAUTY TREND BEAUTY b c d a e f g ROBOTICA PREP WITH PUrpOSE, the look is straight edge – sharp and tailored. No-nonsense hair with a deep side-part. Keep it together with a tightly-wound bun or a straight pony. Chiselled cheeks: imperative. h ; Firstview. Firstview. ; Elle Glass Elle ; Words Words ; Easy Rider Evie, let your hair hang down. Soft khaki eyes with Christine Thornton Christine a peach flush, natural brows and nude lips – Pucci AW 10 i j k l brings it back to the days of wash and go a.Céline AW 10. b.Balenciaga backstage AW 10. c.Stella McCartney backstage AW 10. d.Calvin Klein AW 10. e. Balenciaga AW 10. f.Calvin Klein backstage AW 10. Direction Art Firstview. wherever the wind takes you. g.Stella McCartney AW 10. h.Calvin Klein AW 10. i. Balenciaga backstage AW 10. j.Balenciaga AW 10. k. Rodarte backstage AW 10. l.Stella McCartney AW 10. 94 95 BEAUTY TREND b c a d ROUGE “Couture IS about WAITIng,” says Karl Lagerfeld. This look is moody and messed up – to make your mark, TEAM A TIDY RED LIP WITH TRYST-FRESH HAIR AND CLEAN SKIN. e f ; Firstview. Firstview. ; Give Me Elle Glass Elle A Reason ; Words Words ; “Do you have to have a reason for loving?” asks Brigitte Bardot. Luigi Murenu – on hair for Riccardo Tisci’s GIVENCHY AW 10 – gives you all the reason Christine Thornton Christine you need to rake it back into a loose, low pony. Caught and kept close – a velvet ribbon round your neck tied in a simple bow.
    [Show full text]
  • Alexander Mcqueen Bottega Veneta Burberry Coach
    This PDF contains original work for my copywriting portfolio. These samples have been written for this sole purpose and have no affiliation to any companies or websites. Alexander McQueen Butterfly Print Silk Scarf “Alexander McQueen may have a reputation for all things gothic, but the British label ​ ​ switches up the formula with this scarf from its SS20 collection. Cut from lightweight silk chiffon with delicate fringed edges, it clashes the usual skull motif with borders of colourful butterflies. Wrap yours around one of the house's studded leather jackets.” Bottega Veneta Intrecciato Leather Wallet “With Daniel Lee heading up its latest collection, Bottega Veneta continues to prove ​ ​ its expertise in leather craftsmanship with accessories like this billfold wallet. Cut from smooth nappa calfskin, it’s covered in the classic geometric squares of the Italian label’s iconic Intrecciato weave. Open it up and you’ll find eight card slots and two note compartments for your cash.” Burberry Thomas Bear Leather Bag Charm “If you’re a fan of Burberry, you’ll know that each season the British label drops a new ​ ​ version of its famous (and impeccably dressed) little teddy charm. This time around, Thomas Bear is reworked in leather with a cotton trench coat and completely covered ​ in the house’s new TB monogram. It’s fitted with a polished lobster clasp fastening to easily clip to your favourite bag.” Coach © Thomas Arthur Charlie Leather Tote “Coach plays up its iconic branding in its SS20 collection with the Charlie tote. Cut from the label’s signature coated canvas, it’s covered with an interlocking monogram print that’s understated enough for the office and detailed with silver-tone hardware.
    [Show full text]
  • Knowthehcain I Questions Regarding Forced Labour Risks in Your Company’S Leather Supply Chain
    KNOWTHEHCAIN I QUESTIONS REGARDING FORCED LABOUR RISKS IN YOUR COMPANY’S LEATHER SUPPLY CHAIN In countries including but not limited to Pakistan, Bangladesh and India, leather processing is characterised by hazardous and poor working conditions, which may be early indicators or eventually lead to forced labour.1 In countries including India and China forced labour risks have been documented. Through this questionnaire, KnowTheChain would like to get a better understanding of how your company is addressing risks related to forced labour specifically in its leather supply chain. In answering these questions, please indicate where your company’s policies or practices specifically apply to cattle sourcing, leather processing or leather goods manufacturing countries at risk of forced labour and human trafficking such as Brazil, China and India2 or other countries where you might have identified forced labour risks. Traceability: 1. Leather goods manufacturing: a. In which countries does your company and/or your suppliers manufacture leather goods (option to indicate percentage or volume of supply from each country)? b. What are the names and addresses of your company’s and/or your suppliers’ leather goods manufacturers? Please indicate the nature of your relationship to them, e.g. direct owned or purchasing only (option to indicate workforce data you deem relevant, such as workforce composition (e.g. percentage of informal/migrant/female workforce) or rate of unionisation). What are the names of the persons legally responsible for the production facilities? 2. Leather processing / tanneries: a. In which countries does your company and/or your suppliers process and produce leather? b. What are the names and addresses of your company’s and/or your suppliers’ tanneries? Please indicate the nature of your relationship to them, e.g.
    [Show full text]
  • Kering and the Festival De Cannes Welcomed Isabelle Huppert
    Kering and the Festival de Cannes welcomed Isabelle Huppert, Catherine Deneuve, Uma Thurman, and Jessica Chastain, at the official Women in Motion Awards’ dinner Photos : Venturelli/Getty Images for Kering Photos : Venturelli/Getty The Women in Motion Awards' official dinner welcomed 200 guests on Place de la Castre, Le Suquet, on the hills of Cannes on Sunday, 21 May 2017. The Women in Motion programme aims to shine a spotlight on women’s contribution to cinema. On this occasion, François-Henri Pinault, Chairman and CEO of Kering, Pierre Lescure, President of the Festival de Cannes, and Thierry Frémaux, General Delegate of the Festival of Cannes, presented the Women in Motion Award to international film icon Isabelle Huppert. In turn, Isabelle Huppert has chosen to honor director Maysaloun Hamoud with the Young Talents Award. Actresses Uma Thurman, Jessica Chastain, Salma Hayek Pinault, Catherine Deneuve, Isabelle Huppert, Claudia Cardinale, Liv Ullmann, Juliette Binoche, Marina Foïs, Sandrine Kiberlain, Charlotte Gainsbourg, Laetitia Casta, Valeria Golino, Elodie Bouchez, Béatrice Dalle, Dominique Blanc, Agnès Jaoui, Chris Lee, Clotilde Courau, were among the guests, as well as Charlotte Casiraghi. Actors Mads Mikkelsen, Reda Kateb, Yvan Attal, Christopher Thompson, Diego Luna and Yang Yang also attended. Press Release – 22 May 2017 Kering and the Festival de Cannes also welcomed director Agnès Varda, directors Claire Denis, Paolo Sorrentino, Tonie Marshall, Costa-Gavras, Nicole Garcia, Eric Lartigau, Valérie Donzelli, Jerry Schatzberg, Maren Ade, Shlomi Elkabetz, and musicians Michel Legrand, Thomas Bangalter and Michael Barker. Designers Anthony Vaccarello and Jean-Paul Gaultier, or models Anja Rubik and Kouka Webb were also among the guests.
    [Show full text]
  • MILANO FASHION WEEK 19Th-25Th February 2019 CALENDARIO DEFINITIVO - Milano, 4 Febbraio 2019 Aggiornamento Al 18 02 19 FASHION SHOWS Wednesday 20 Feb
    MILANO FASHION WEEK 19th-25th February 2019 CALENDARIO DEFINITIVO - Milano, 4 febbraio 2019 aggiornamento al 18_02_19 FASHION SHOWS Wednesday 20 Feb. Thursday 21 Feb. Friday 22 Feb. Saturday 23 Feb. Sunday 24 Feb. Monday 25 Feb. 09:30 MAX MARA 09:30 TOD'S 09:30 SALVATORE FERRAGAMO * 09:30 ANGEL CHEN 09:30 ULTRÀCHIC VIA ROENTGEN, 1 VIA PALESTRO, 14 VIA E.BESANA, 12 VIA OLONA, 6 BIS Supported by CNMI PIAZZA DUOMO - SCALONE 10:00 ALBERTO ZAMBELLI 10:30 EMPORIO ARMANI ** 10:30 BLUMARINE 10:30 GABRIELE COLANGELO 10:30 STELLA JEAN ARENGARIO PIAZZA DUOMO - SCALONE VIA BERGOGNONE, 59 VIA TURATI, 34 PIAZZA DUOMO - SCALONE PIAZZA DUOMO - SCALONE ARENGARIO ARENGARIO ARENGARIO 10:30 ALEXANDRA MOURA PIAZZA MERCANTI, 2 11:30 ACT N°1 11:30 BOTTEGA VENETA * 11:00 RICOSTRU Supported by CNMI PIAZZA SEMPIONE 11:30 BROGNANO 11:30 ANTONIO MARRAS * VIA OLONA, 6 BIS e CNMI Fashion Trust VIA TURATI, 34 VIA COLA DI RIENZO, 8 12:00 BYBLOS * VIA OLONA, 6 BIS 12:30 SPORTMAX 12:30 ROBERTO CAVALLI * 12:30 LAURA BIAGIOTTI PIAZZA LINA BO BARDI, 1 VIALE GORIZIA, 14 12:30 FENDI GIARDINI INDRO MONTANELLI VIA RIVOLI, 6 VIA SOLARI, 35 13:00 CALCATERRA 13:15 FRANCESCA LIBERATORE 13:15 SIMONETTA RAVIZZA 13:15 MARIOS PIAZZA DUOMO - SCALONE 13:30 ANTEPRIMA PIAZZA DUOMO - SCALONE VIA SAN GREGORIO, 29 Supported by CNMI ARENGARIO VIA SAN LUCA, 3 ARENGARIO VIA CIRO MENOTTI, 11 14:00 ERMANNO SCERVINO 14:00 ARTHUR ARBESSER 14:30 GENNY 14:00 ETRO CORSO VENEZIA 16 VIA GAUDENZIO FANTOLI, 15/1I PIAZZA DUOMO - SCALONE VIA CONSERVATORIO, 12 ARENGARIO 15:00 GUCCI * 15:00 MSGM 15:00 PHILOSOPHY DI LORENZO 15:00 UJOH * VIA MECENATE, 77 VIA CALABIANA, 6 SERAFINI PIAZZA DUOMO - SCALONE 15:30 LUISA BECCARIA VIALE ALEMAGNA, 6 ARENGARIO VIA FORMENTINI, 1 16:00 ANNAKIKI 16:00 ICEBERG VIA PIRANESI, 10 VIA PIRANESI, 10 16:00 CIVIDINI 16:00 CHIKA KISADA 16:30 VIVETTA PIAZZA DUOMO - SCALONE Supported by CNMI VIA CLERICI 5 ARENGARIO PIAZZA DUOMO - SCALONE 17:00 ALBERTA FERRETTI 17:00 MARCO DE VINCENZO ARENGARIO PIAZZA LINA BO BARDI, 1 17:30 MARCO RAMBALDI VIA PRIV.
    [Show full text]
  • François-Henri Pinault Chair and CEO Kering Dear Mr Pinault
    François-Henri Pinault Chair and CEO Kering Dear Mr Pinault: Greetings from London. I have long been an admirer of your women’s rights work alongside Salma, your astonishing art collection, and your sustainable fashion goals for Kering. As an advocate for PETA since my days on The X-Files, I was delighted when you declared fur “out of fashion” and championed Gucci’s switch to faux fur. Thank you for that. Last month, Kering confirmed that Balenciaga and Alexander McQueen are officially fur-free. I’m writing now to ask respectfully that you enact a company-wide policy and drop fur from Kering’s two remaining holdouts: Saint Laurent and Brioni. Such a policy would mesh perfectly with the environmental objectives of The Fashion Pact. Fur production requires toxic chemicals to keep pelts from decomposing, and fur farms are breeding grounds for disease. COVID-19 spread like wildfire among sick animals on fur farms, requiring governments to bring forward legislation to shut down these cruel and filthy establishments, from which the virus spread to both humans and wild animals. It’s illogical to keep this dwindling, dangerous trade afloat for the sake of the few remaining unscrupulous designers who haven’t yet broken their fur habit. In 2013, you renamed the company “Kering” because it could be “pronounced and understood as ‘caring’” to reflect your personal commitment to making positive changes in the world of fashion. In 2021, please be true to this worthy aim by rejecting fur across the Kering group. I look forward to hearing the good news.
    [Show full text]
  • Stock Story: Kering
    Stock Story: Kering Offering Gucci, Yves Saint Laurent and other luxury brands to the world Celebrating its centenary year in 2021, Gucci the brand’s sales, and the brand is a fixture among young Hollywood actors and musicians. invokes a glamorous, romantic, eclectic and The second is the craftmanship of the brands. They inclusive ideal. The brand, in its premium are acknowledged for their unique design, instantly position in fashion, is cemented in popular recognisable signifiers such as the horse bit, tri-stripe and culture and beloved by its followers. flora patterns, and designed and made-in-Italy credibility Gucci is the flagship and highly profitable brand within and product quality. the glittering portfolio of greatly coveted brands owned The third is control of its distribution. About 87% of by Kering, one of the largest luxury groups in the world. Gucci’s products are sold via its owned-retail or online Kering is controlled and managed by the Pinault family networks, which enables control of the presentation, from France. ambience and, importantly, pricing. The products are In addition to Gucci, Kering owns Yves Saint Laurent, never sold at a discount (even by third parties) – an Bottega Veneta, Balenciaga and Alexander McQueen important factor in the maintenance of the cachet of the among other clothing, jewellery and eyewear businesses. brands. The business has generated substantial growth in the past The fourth element is economies of scale. This creates decade. The brands have seen insatiable demand from a virtuous circle as it gives the company the ability to the rapidly growing affluent class of consumers within outspend peers on advertising and promotion and control China and the Gucci brand has enjoyed a revival under the customer conversation around its brands.
    [Show full text]
  • Sustained, Well-Balanced Growth Across All Houses
    PRESS RELEASE October 24, 2019 SUSTAINED, WELL-BALANCED GROWTH ACROSS ALL HOUSES Consolidated revenue in the third quarter of 2019: €3,884.6 million up 14.2% as reported up 11.6% on a comparable basis “We achieved another strong quarter, and all our segments contributed to our solid top-line gain. Our progress, on top of considerable expansion in the past two years, is healthy and well balanced across all Houses. We are consolidating our growth trajectory, and carrying out continuous, targeted operating investments. We live in an increasingly complex world, but we are fully confident in our capacity to deliver sustained performances over time.” François-Henri Pinault, Chairman and Chief Executive Officer • Very strong quarter at Gucci (up 10.7% on a comparable basis), delivering on its ambitions against a persistently high comparison base. • Very solid sales growth at Yves Saint Laurent (up 10.8% on a comparable basis), driven by all regions. • Excellent reception of the new Bottega Veneta collections and highly encouraging sales growth (up 6.9% on a comparable basis). • Very strong progress of Kering’s Other Houses (up 16.3% on a comparable basis), powered by Balenciaga and Alexander McQueen. Robust growth of Watches and Jewelry. Press Release October 24, 2019 1/6 WorldReginfo - 2d4e9c46-60a3-4cf2-bbc1-f7bd2d9414ea Revenue Q3 2019 Q3 2018 Reported Comparable change change (1) (in € millions) Total Houses 3,777.8 3,318.2 +13.9% +11.3% Gucci 2,374.7 2,096.0 +13.3% +10.7% Yves Saint Laurent 506.5 446.9 +13.3% +10.8% Bottega Veneta 284.3 258.9 +9.8% +6.9% Other Houses 612.3 516.4 +18.6% +16.3% Corporate and other 106.8 83.8 +27.4% +24.8% Kering 3,884.6 3,402.0 +14.2% +11.6% (1) On a comparable Group structure and exchange rate basis.
    [Show full text]
  • Fashion's Autumn/Winter 2014 Ad Campaigns | Financial Times
    04/01/2020, 10:22 Page 1 of 1 Luxury goods Add to myFT Fashion’s autumn/winter 2014 ad campaigns A deconstruction of the industry’s ads for the season reveals a sombre economic mood Share Save David Hayes AUGUST 8 2014 Hemlines may once have been a cute way of monitoring the state of the economy – rather aptly, they are all over the place these days – but nothing gives a snapshot of global hard-currency health better than a flick through the September issues of the world’s glossiest fashion magazines. Landing on newsstands with a reassuringly weighty thud early this month, the current edition of US Vogue has more advertising than any other American fashion or lifestyle magazine, with a whopping 631 ad pages. Yet it is still down 4.5 per cent on last year’s Lady Gaga extravaganza of 665 pages – which in turn was down on the magazine’s peak of 727 pages of ads in 2007. The luxury sector may not have turned an economic corner – yet. And in fashion terms the mood is not exactly upbeat, either: think brown and black set against brutalist concrete architecture (Prada); corseted women hanging around in a drab hotel suite (Dior); and models trapped in a surrealist crazy golf course from hell, wearing equally disturbing knitwear (Kenzo). Yes, advertising matters, not only as a barometer of the spending trends of the fashion world, but also as a tone-setting exercise. The following images are how fashion should look this autumn/winter, straight from the designer’s eye, so take note.
    [Show full text]
  • Strategic Partnership Green Light Initiatives
    Strategic Partnership Green Light Initiatives November | 2020 THE POST COVID ENVIRONMENT NORTH AMERICA MACRO ECONOMIC IMPACT REOPENING NORTH AMERICA Reopening will vary at state and local levels ▪ Reopened Retail ▪ 31 States ▪ Reopening Retail ▪ 05 States ▪ Pausing for Opening Retail ▪ 07 States ▪ Reversing for Opening Retail ▪ 08 States Update: November 09, 2020 Vision Monday: survey conducted Sept. 18-22 showed 72% of respondents have returned to ‘normal’ hours of their practice, up from May’s survey when only 47% said they were operating with ‘normal’ hours. Source: New York Times 11.09.2020 – NYT Map of Expected Reopening Retail by State 3 Source: Vision Monday 09.24.2020 – ECPs Optimistic as Business Increases, Wave 15 of Jobson Survey Finds KERING GROUP POINT OF SALE PROTOCOL CDC SAFETY GUIDELINES – Stop the Spread 5 KERING GROUP POINT OF SALE PROTOCOL CDC SAFETY GUIDELINES – Stop the Spread 5 KERING GROUP POINT OF SALE PROTOCOL CDC SAFETY GUIDELINES – Selecting a Mask 5 KERING GROUP POINT OF SALE PROTOCOL CDC SAFETY GUIDELINES – Special Situations: Glasses & Children 5 KERING GROUP POINT OF SALE PROTOCOL CDC SAFETY GUIDELINES – How to Safely Wear & Take Off a Mask 5 KERING GROUP POINT OF SALE PROTOCOL CDC SAFETY GUIDELINES – Gloves 6 KERING GROUP POINT OF SALE PROTOCOL KG SAFETY GUIDELINES – We Are All in This Together 6 KERING GROUP CONTRIBUTIONS TO THE FIGHT AGAINST COVID-19 Gucci, Saint Laurent, Balenciaga provided 3 million masks to Health Authorities Kering Group French Houses Saint Laurent & Balenciaga manufactured surgical masks Kering Group Donation over $4M Euros to fight COVID-19 Kering Group $1M Donation for the CDC in America to support healthcare workers Gucci: Crowdfunding Campaign #Guccicommunity donation of 2 million Euros Kering Group maintaining employment workforce during COVID crisis to support 35,000 employees worldwide Kering Group operations remaining open to ensure client needs are met 2 KERING EYEWEAR ENHANCEMENT ADDED BENEFITS TO OUR BUSINESS 2 BUSINESS SITE 1.
    [Show full text]