The Paris Stock Exchange Declines After Cascading Results
8 Articles
8 Articles
Kering's shares collapsed on the Paris Stock Exchange, after the persistent retraction in the sales of its main label, Gucci, rekindle uncertainties in the market as to the speed of recovery of the group. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.
The Paris Stock Exchange is evolving downwards after a series of corporate results publications. Kering and Safran are particularly penalized, while investors are waiting for Moody's decision on France's sovereign note.
At around 10.10 am (Paris time), the CAC 40 lost 0.59%, at 7.764.93 points. The previous day, the Parisian star index had dropped 1.39 %. The Parisian place must digest quarterly results publications. The main loser of the day is the luxury giant Kering, which dropped from 11.43 % to 188.76 euros after having published third quarter results stricken by the decline in demand for its flagship brand Gucci in China. Safran was losing 6.49 %, at 282.…
Kering, a French luxury goods group and owner of Gucci, plummets by 16% on the Stock Exchange after having announced Thursday a decline in sales in the third quarter due to the weakness of demand in China and the war in the Middle East, which have particularly affected its main teacher. Read
Kering shares plummeted by over 16% at one point due to weak third-quarter sales at Gucci and uncertainty surrounding its recovery.
Kering loses up to 12% in Paris: revenues of 3.34 billion, weighs the braking of Gucci. The numbers of the quarterly article Kering collapses in Paris: it weighs the braking of Gucci, the title loses up to 12% is taken from Forbes Italia.
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