Kering SA
Puma shares pop 14% after report China’s Anta Sports is looking to buy the sportswear giant
The logo of Puma SE displayed in the window of the flagship store in Berlin, Germany, on Wednesday, March 1, 2023. Puma forecast slower profit growth as new Chief Executive Officer Arne Freundt confronts excess inventory and higher costs for marketing sneakers and apparel. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty […]
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CNBC’s UK Exchange newsletter: UK backs innovation hub Cambridge, even as rapid expansion tests the city’s limit
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch The U.K. economy, along with many continental European peers, faces well-established challenges. These include a high debt-to-GDP ratio, a high deficit-to-GDP ratio and an ageing population making increasing demands on the state, just as growth is […]
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European stocks higher as earnings buoy sentiment; Saab up 4.5% amid defense boom
LONDON — European stocks opened in positive territory on Friday amid a slew of earnings reports. The pan-European Stoxx 600 was 0.1% higher at 8:43 a.m. in London (3:43 a.m. ET), though sectors and bourses were mixed. The U.K.’s FTSE 100 and Italy’s FTSE MIB were around 0.1% higher in the first hour of […]
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CNBC Daily Open: U.S.’ 4-year economic plan, with a Trump twist?
U.S. President Donald Trump gestures during an announcement regarding his administration’s policies against cartels and human trafficking, from the State Dining Room at the White House in Washington, D.C., U.S., Oct. 23, 2025. Jonathan Ernst | Reuters China on Thursday concluded its “Fourth Plenum,” a meeting aimed at setting out the country’s development agenda for […]
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Kering shares pop as ‘sharp’ improvement at Gucci builds investor optimism
A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Shares of Gucci owner Kering closed up 8.7% on Thursday, hitting a 1-year high after the company’s sales decline narrowed and quarterly earnings beat estimates. The French luxury giant – whose brands include […]
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European markets close higher after major earnings reports; Gucci-owner Kering surges almost 9%
A Futures-options trader works on the floor at the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2025. Brendan McDermid | Reuters LONDON — European stocks ended Thursday in positive territory as investors looked to earnings reports for clues on business activity and confidence in […]
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European markets start the week higher, shrugging off credit concerns
The City of London financial district at sunrise. Alexander Spatari | Moment | Getty Images LONDON — European stocks were in positive territory on Monday morning after a volatile few days in which investors weighed concerns over bad loans on Wall Street. The pan-European Stoxx 60 was up about 0.8% at 8:30 a.m. in London […]
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Kering agrees to sell beauty unit to L’Oreal for $4.7 billion as De Meo trims debt
A woman view skin care products at L’Oreal booth during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. China News Service | China News Service | Getty Images Gucci owner Kering said on Sunday it has agreed to sell its beauty business to […]
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Luxury stocks just boomed — here’s how investment banks are playing the sector
Luxury stocks surged this week after French luxury conglomerate LVMH — a bellwether for the sector — posted a surprise return to growth for the third quarter, putting Europe’s high-end firms on course to continue a multi-year rally. The sector has boomed in recent years, but stagnating sales, price rises , and renewed trade tensions […]
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European stocks move higher as luxury brands drive early gains; France’s CAC up 2.5%
Traders work on the floor of the New York Stock Exchange during afternoon trading on Oct. 14, 2025 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks rose during early trading Wednesday, with luxury brands driving gains, as the region’s markets rebounded after touching a two-week low in the previous […]
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