The shares of Kering (KER.FR), responsible for brands such as Gucci, Yves Saint Laurent and Balenciaga, are gaining more than 6.5% at the start of the session following an announced change in the company's board of directors to restore momentum to the Group's businesses.
Kering announced that Marco Bizzarri, who has led Gucci since 2015, will leave the company on 23 September and that he has appointed managing director Jean-Francois Palus as the new CEO and president of Gucci for an interim period.
As part of the changes, Francesca Bellettini, who has led fast-growing fashion brand Yves Saint Laurent since 2013, has become Kering's deputy CEO in charge of operations and finance.
Source: xStation 5
Stock of the Week AMD: From second choice to core pillar of the AI infrastructure
US OPEN: Wall Street opens higher 🔼 Datadog and ARM in the spotlight 💥
Rheinmetall earninigs: Weak sales overshadow strong prospects
ARM Holdings Moves Closer to the Center of the AI Revolution. Strong Results Are No Longer Enough for the Market
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
