Kering Sells Stake in Landmark Paris Buildings

Gucci-owner Kering sells 60% stake in Paris properties to PE firm Ardian for €837M
Kering SA reached a deal to sell a 60% stake in three prestigious Paris properties to French private equity firm Ardian SAS for €837 million (~$862 million). The properties involved include the Hôtel de Nocé on Place Vendôme and two buildings on Avenue Montaigne,
Kering sells 60% of Paris properties amid Gucci’s poor performance
Kering sells 60% of Paris properties amid Guccis poor performance Kering divests significant stakes in Paris real estate as luxury sector faces challenges
Kering Sells Stake in Landmark Paris Buildings to Ardian
Kering SA agreed to sell a majority stake in three luxury Paris properties to French private equity firm Ardian SAS, a deal that will net the struggling owner of the Gucci fashion label €837 million ($861 million).
Kering Reaches $860 Mln Paris Real Estate Deal with Ardian
Gucci owner Kering has transferred three of its Paris real estate assets to a new joint venture with French private equity firm Ardian, freeing up 837 million euros ($860.27 million) in proceeds, the company announced on Wednesday.
Kering Sells Stake in Prime Paris Real-Estate Assets to Ardian
The French group said it will receive net proceeds of €837 million. Kering will retain 40% of the ownership in the prime real-estate portfolio.
Kering, Ardian Sign Investment Deal Regarding Prime Real Estate Assets in Paris
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More. Back To Top
Kering Seals Private Equity Deal With Ardian for Place Vendôme, Avenue Montaigne Real Estate
The deal valued at 837 million euros will give Kering a cash infusion as it seeks to shore up its balance sheet.
Gucci, the King of Comebacks, Has More Challenges Ahead
Meanwhile, Gucci is in a more difficult position than rivals, as it caters to affluent rather than super-rich shoppers. LVMH ...
Hosted on MSN12d
Gucci will need to make a comeback under its new CEO—and it won’t be the first time for the languishing Italian luxury brand
Gucci’s parent company, the French luxury company Kering, has experienced tumult in the last few years due to a pullback ...
Kering: Turnaround Unlikely Anytime Soon
The luxury market struggles in 2024 with Gucci owner Kering seeing poor stock performance, impacted by waning popularity and ...
Deutsche Bank Sticks to Its Buy Rating for Kering SA (0IIH)
In a report released today, Adam Cochrane from Deutsche Bank maintained a Buy rating on Kering SA (0IIH – Research Report), with a price ...
European Luxury Stocks Jump on Richemont's Record Quarterly Sales
European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes ...