French luxury group Kering and Qatari investment company Mayhoola have agreed to amend their shareholders' agreement, initially agreed during Kering's acquisition of a 30% stake in Italian fashion brand Valentino in 2023. The amendment addresses the framework in the evolution of shareholding in Valentino. Under the revised agreement, the existing ownership structure of Valentino will remain unchanged until at least 2028. Mayhoola's put options on Kering for its remaining 70% stake acquisition in Valenti ...

开云集团二季度业绩表现 - 公司二季度销售额下降两位数，其中Gucci销售额暴跌25% [2][3] - 2025年上半年营业收入76亿欧元同比下降16%，经常性营业利润9.69亿欧元同比下降39%，净利润4.74亿欧元同比下降46% [4] - 自由现金流从10.55亿欧元增至23.83亿欧元同比上升126%，净债务从99.22亿欧元降至95.03亿欧元下降4% [5] 品牌细分表现 - Gucci上半年营收30.27亿欧元同比下降26%，第二季度营收14.56亿欧元同比降幅超25%，亚太地区营收同比下降30% [6][7] - Yves Saint Laurent营收14.41亿欧元同比下降11%，Bottega Veneta营收8.36亿欧元同比微增1%，其他品牌营收17.17亿欧元同比下降15% [7] - Kering Eyewear及企业部门营收10.67亿欧元同比增长2% [7] 财务指标变化 - 经常性EBITDA利润率从28.8%降至26.5%，经常性营业利润率从17.5%降至12.8% [5] - 每股收益从7.16欧元降至3.86欧元同比下降46%，持续经营业务每股收益从7.24欧元降至3.67欧元同比下降49% [6] - 资本开支从13.91亿欧元大幅缩减至4.31亿欧元同比下降69% [5] 战略调整与资产处置 - 公司计划出售纽约、米兰、巴黎的房产以筹集资金，目标在2026年初完成交易 [9] - 2026-2027年将实施更多门店关闭计划，逐个品牌落实增长战略 [8][9] - 德意志银行将目标价从170欧元下调至168欧元，公司股价年内下跌4.4%，过去一年累计跌幅21% [9][10]

Chairman and CEO François-Henri Pinault acknowledged the results were disappointing, but noted ongoing efforts to course correct the struggling luxury giant. "Though the numbers we are reporting remain well below our potential, we are certain that our comprehensive efforts of the past two years have set healthy foundations for the next stages in Kering's development," Pinault said in a statement accompanying the results. A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC. Gucci-owner ...