Kering

Kering, the French luxury giant behind Gucci, Saint Laurent, and Balenciaga, is selling a majority stake in its prime New York property at 715‑717 Fifth Avenue for $900 million to private equity firm Ardian. This deal highlights how luxury brands are leveraging real estate to boost finances and adapt to changing retail trends. Background on the…

The luxury market got a lift today as Kering shares rose about 5% on the Paris exchange. The jump followed company signals that Gucci and other brands are showing early signs of recovery.  Reports from Reuters, CNBC, The Wall Street Journal, and Brecorder say investors cheered stronger sales momentum and clearer brand direction.  Why did…