Visitors check the booth of Kering Group during the sixth China International Import Expo in Shanghai. Jean-Marc Duplaix, Kering's deputy CEO in charge of operations and finance, said that Chinese consumers contributed to 26 percent of the company's total sales in the third quarter of this year. Eyeing a consumption uptrend, many of Kering's brands, such as Gucci, Saint Laurent …
MILAN — French luxury conglomerate Kering has reached a cash deal to purchase a 30% stake in Italian fashion house Valentino for 1.7 billion euros from a Qatari investment firm. Kering on Thursday reported first-half revenues of 10.1 billion euros, up 2%, as Gucci sales stagnate. The partnership could lead to the Qatari investment firm, Mayhoola, becoming a shareholder in …
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