Kering needs cash: 750 mln bond and to (potentially) divest

Kering needs cash: 750 mln bond and to (potentially) divest

Kering needs liquidity because of the disappointing results of flagship brand Gucci, which will bring in less cash flow. The group, committed to cost control, is making strategic decisions to lift the level of its coffers. Kering needs cash The French luxury group announced that its 2024 recurring operating profit will be around 2.5 billion…

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