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Kering SA - Stock Quote KER

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Morningstar's Kering SA Stock Analysis

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Kering's Brand Growth Remains Strong but Its Most Profitable Brand Gucci Lags

Jelena Sokolova, CFA Senior Equity Analyst

Business Strategy and Outlook

| Jelena Sokolova, CFA |

Kering’s portfolio of luxury brands provides it with a narrow moat and a good platform for future growth. The flagship Gucci brand accounts for almost 60% of revenue and 80% of the company's earnings but brands like Saint Laurent (over EUR 2 billion in pre-COVID-19 revenue), Bottega Veneta and Balenciaga (with pre-COVID-19 revenue in excess of EUR 1 billion) are also set to support growth in the future.

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Kering SA's Company Profile

Business Description

Kering is the world’s second-largest luxury goods conglomerate after LVMH. Its flagship brand is Gucci, which accounts for 55% of revenue and over 70% of operating profits. Its other leading brands include Bottega Veneta and YSL. Other smaller luxury brands (in ready-to-wear, leather goods, and jewellery) generate around 18% of sales. Alexander McQueen, Balenciaga and Boucheron are part of Kering’s portfolio.

40 Rue de Sevres
Paris, 75007, France
T +33 145646100
Sector Consumer Cyclical
Industry Luxury Goods
Most Recent Earnings
Fiscal Year End Dec 31, 2022
Stock Type
Employees 42,811