Added to YB: 2026-09-18
Pitch date: 2026-09-15
KER.PA [neutral]
Kering SA
Author Info
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Company Info
Kering SA manages the development of a collection of renowned houses in fashion, leather goods, and jewelry in the Asia Pacific, Western Europe, North America, Japan, and internationally.
Market Cap
EUR 28.7B
Pitch Price
N/A
Price Target
N/A
Dividend
1.28%
EV/EBITDA
10.91
P/E
-89.24
EV/Sales
2.70
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Opportunity in a Destroyed Sector - Pass: Kering SA
KER.PA (pass): Kering, parent of Gucci, Saint Laurent and Balenciaga, is a pass following Luca de Meo’s appointment as CEO in September 2025. His career has been entirely in the auto industry, most recently leading mass-market Renault, where the emphasis is on efficiency and cost — a background viewed as mismatched with luxury fashion. A turnaround remains possible, but confidence is insufficient to invest.
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