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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Kering SA    KER   FR0000121485

KERING SA

(KER)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/27 02:41:50 am
553.2 EUR   +0.69%
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LVMH taps Dior's Jones for women's designs at Fendi

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09/09/2020 | 04:56am EDT
A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris

Italian fashion label Fendi, part of luxury conglomerate LVMH, on Wednesday named British designer Kim Jones as artistic director for womenswear collections, a role previously held by the late Karl Lagerfeld.

Jones, who already designs men's clothing for LVMH stable mate Christian Dior, will retain both jobs.

At Dior and in a previous design role at Louis Vuitton, Jones was credited with freshening up collections by pairing tailoring with sportier looks, at a time when luxury brands are competing to attract younger consumers.

While sales of luxury menswear ranges have gained momentum in recent years, partly thanks to a shift towards more casual styles, they are still a sliver of labels' revenues compared to women's collections.

Jones will work alongside Silvia Venturini Fendi, one of the scions of the brand's founding family who creates its menswear collections and accessories and collaborated with Lagerfeld until his death in February 2019.

Founded in 1925, Rome-based Fendi has long been known for its furs, and remains one of the most prominent exponents of fur designs.

Rivals like Chanel, Kering's Gucci or Britain's Burberry have dropped pelts in the face of pressure from animal rights activists and changing consumer tastes.

Fendi has also found success with its double "F" logo prints and handbag collections, although LVMH does not break out revenues for its brands.

Amid the coronavirus pandemic, which forced retailers to temporarily shut stores and curtailed international travel to shopping capitals like Paris, LVMH's biggest labels like Dior and Vuitton have maintained their momentum while smaller ones have struggled more, according to analysts.

Fendi said Jones' first collection for the brand would be presented during Milan Fashion Week next February.

(Reporting by Sarah White; Editing by Jason Neely and Christopher Cushing)


Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP PLC -4.87% 1415.5 Delayed Quote.-35.81%
CHRISTIAN DIOR SE -1.17% 390.2 Real-time Quote.-14.58%
KERING SA -1.19% 549.4 Real-time Quote.-6.12%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -1.46% 421.75 Real-time Quote.1.82%
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Financials
Sales 2020 13 422 M 15 866 M 15 866 M
Net income 2020 1 819 M 2 151 M 2 151 M
Net Debt 2020 2 192 M 2 591 M 2 591 M
P/E ratio 2020 38,2x
Yield 2020 1,42%
Capitalization 68 683 M 81 166 M 81 189 M
EV / Sales 2020 5,28x
EV / Sales 2021 4,45x
Nbr of Employees 32 685
Free-Float 58,9%
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Technical analysis trends KERING SA
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 600,46 €
Last Close Price 549,40 €
Spread / Highest target 35,8%
Spread / Average Target 9,29%
Spread / Lowest Target -27,6%
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Managers
NameTitle
François Jean Henri Pinault Chairman & Chief Executive Officer
Jean-Marc Duplaix Group Chief Financial Officer
Baudouin Prot Director
Jean-François Edmond Robert Palus Director & Group Managing Director
Yseulys Costes Independent Director
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