Die Aktien von Kering FR0000121485 haben am Montag negativ auf kritische Analystenkommentare reagiert und sind auf den tiefsten Stand seit mehr als acht Jahren abgerutscht.
Never has a single name destroyed so much value in such a short space of time. Kering SA (EPA:KER) shares slumped 11% in early Friday trading after the luxury group picked Demna, Balenciaga's creative force, to revive Gucci.
The French luxury-goods company named Demna Gvasalia as the new artistic director of its flagship label Gucci, as the group seeks a brand turnaround amid a challenging market backdrop for luxury names.
Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.
Kering shares tanked on Friday morning after the group led by Francois-Henri Pinault chose to bet on subversive in-house talent Demna to reinvigorate its Gucci label rather than hiring a big-ticket name from fashion's overheating job market.
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