Kering News & Analysis
2 articles
Market Mood
Kering Appoints New CEO for Alexander McQueen Effective June 3
Kering has named Gianfranco D’Attis as CEO of Alexander McQueen, effective June 3, 2026. D’Attis, previously CEO of Prada, brings over 25 years of luxury industry experience. His new role focuses on strengthening brand clarity, elevating execution, and improving financial performance for Alexander McQueen. This leadership change comes as the brand aims to refocus and unlock its potential in a competitive market.
Read More: Kering Appoints New CEO for Alexander McQueen Effective June 3
European stocks mixed, FTSE 100 up 0.2%, CAC 40 down 0.6%
European stocks showed mixed performance with the Stoxx 600 index broadly flat. The FTSE 100 index opened 0.2% higher, while France's CAC 40 fell 0.6% and Germany's DAX rose 0.1%. Kering's shares dropped 8.5% due to lower sales from its Gucci brand and an 11% decline in Middle East retail revenue in Q1. Additionally, Hermes shares fell 12% as currency fluctuations negatively impacted revenues by approximately €290 million ($295 million).
Read More: European stocks mixed, FTSE 100 up 0.2%, CAC 40 down 0.6%