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    KER   FR0000121485

KERING

(KER)
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Kering : Saint Laurent becomes latest fashion house to go fur free

09/24/2021 | 11:10am EDT

French luxury house Saint Laurent will go completely fur free in its collections from next year, its parent company Kering said Friday.

In a statement, Kering added that another of its houses, Italian menswear brand Brioni, will also stop using natural fur -- making the luxury giant that includes Gucci, Alexander McQueen, Balenciaga, Bottega Veneta completely fur free.

Kering CEO Francois-Henri Pinault said that “going entirely fur free is just the right thing to do. We do it out of conviction, for the sake of ethics and modernity.”

Animal rights groups have long pushed for luxury houses to stop using fur. Many in Paris, such as Stella McCartney and Chanel, had already renounced it in recent years. Welcoming Friday's move, rights group Humane Society International said that it “puts pressure on the few remaining fashion brands that continue to sell fur to follow suit."

Paris Fashion Week begins Monday, and will be showing both digital and physical ready-to-wear collections in the French capital.

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on KERING
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Financials
Sales 2021 16 786 M 19 472 M 19 472 M
Net income 2021 3 094 M 3 589 M 3 589 M
Net Debt 2021 4 361 M 5 059 M 5 059 M
P/E ratio 2021 27,1x
Yield 2021 1,65%
Capitalization 83 070 M 96 369 M 96 362 M
EV / Sales 2021 5,21x
EV / Sales 2022 4,64x
Nbr of Employees 33 134
Free-Float 58,2%
Chart KERING
Duration : Period :
Kering Technical Analysis Chart | KER | FR0000121485 | MarketScreener
Technical analysis trends KERING
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 668,80 €
Average target price 784,04 €
Spread / Average Target 17,2%
EPS Revisions
Managers and Directors
Franšois Jean Henri Pinault Chairman & Chief Executive Officer
Jean-Marc Duplaix Chief Financial Officer
Yseulys Costes Independent Director
Daniela Riccardi Independent Director
Sophie L'HÚlias Lead Independent Director
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