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Kering


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Gucci, YSL owner Kering pledges to cut greenhouse gas emissions by 40% by 2035

Gucci, YSL owner Kering pledges to cut greenhouse gas emissions by 40% by 2035 March 17 (Reuters) - France's Kering PRTP.PA , owner of luxury brands Gucci and Yves Saint Laurent, on Friday pledged to reduce its absolute greenhouse gas emissions by 40% by 2035 from 2021 levels, amid increased scrutiny of environmental issues among consumers. "I am convinced that impact reduction in absolute terms combined with value creation must be the next horizon for truly sustainable companies," Chairman and
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Nike to drop use of kangaroo skins for its shoes in 2023

Nike to drop use of kangaroo skins for its shoes in 2023 March 14 (Reuters) - Nike said it will stop using kangaroo skins for its shoes this year, weeks after a similar step from German rival Puma, which would end a highly controversial practice that has drawn ire from consumers and animal rights activists. Sportswear giant Nike Inc NKE.N in a statement issued on Monday said it would debut a new line of Tiempo football boots, called the Tiempo Legend Elite, with a proprietary synthetic material
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch March 14 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AIRBUS AIR.PA : The Spanish government urged Airbus to increase its investment in Spain and intensify the country's participation in space programmes, the office of Spain's Prime Minister Pedro Sanchez said in a statement on Monday.
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Kering Eyewear To Acquire UNT

Kering Eyewear To Acquire UNT March 13 (Reuters) - A unit of Kering PRTP.PA has signed an agreement to acquire French company UNT, the luxury giant and Gucci owner said on Monday. Kering Eyewear will buy 100% of Usinage & Nouvelles Technologies, a maker of metal and mechanical components for luxury eyewear, Kering said, adding the transaction is expected to close in the second quarter of this year.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Kering, Kloeckner & Co, Agrofert, Icade; Updates Qualtrics, Sanofi, Illumina, Pfizer March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Qualtrics International Inc XM.O said on Monday it would be taken private after its controlling shareholder, SAP SE SAPG.DE , accepted a $12.5 billion bid from a consortium led by Silver Lake and Canada Pension Plan Investment Board (CPPIB).
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Adidas, burnt by Kanye West split, seeks a new focus

RPT-Adidas, burnt by Kanye West split, seeks a new focus Repeats Wednesday's story with no changes Yeezy split shows risk of celebrity partnerships Adidas was overly reliant on Yeezy brand, analysts say New CEO seeks to refocus on sports By Helen Reid LONDON, March 8 (Reuters) - Adidas ADSGn.DE , burnt by the end of its tie-up with the artist formerly known as Kanye West, needs a new focus but should think more tactically about fresh celebrity partnerships and not count so much on one personalit
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Adidas, burnt by Kanye West split, seeks a new focus

Adidas, burnt by Kanye West split, seeks a new focus Yeezy split shows risk of celebrity partnerships Adidas was overly reliant on Yeezy brand, analysts say New CEO seeks to refocus on sports By Helen Reid LONDON, March 8 (Reuters) - Adidas ADSGn.DE , burnt by the end of its tie-up with the artist formerly known as Kanye West, needs a new focus but should think more tactically about fresh celebrity partnerships and not count so much on one personality, industry experts said.
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Givaudan, Symrise, DSM shares drop on global fragrance cartel probe

UPDATE 4-Givaudan, Symrise, DSM shares drop on global fragrance cartel probe Givaudan, Symrise, IFF, Firmenich named in Swiss cartel probe Shares in companies drop by more than 2%, underperforming market Switzerland joins EU, UK, U.S. investigations Adds analyst, Firmenich comments By Ludwig Burger and John Stonestreet March 8 (Reuters) - Shares in Givaudan GIVN.S and Symrise SY1G.DE took a beating on Wednesday after the Swiss antitrust agency named them as part of a quartet of companies in the
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Symrise shares slip on fragrance cartel probe

UPDATE 2-Symrise shares slip on fragrance cartel probe Says it does not see group being affected by probe Sees 2023 EBITDA margin stable at 20% Plans price increases in 2023 Shares down 3% Recasts to focus on cartel probe, adds comments from media call, adds context, updates share move By Jagoda Darlak and Linda Pasquini March 8 (Reuters) - Shares in Symrise SY1G.DE dropped as much as 4% on Wednesday after Swiss antitrust authorities said the German group was subject to an investigation into an
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Hong Kong loses lustre as retail units go vacant and big brands look to China

RPT-Hong Kong loses lustre as retail units go vacant and big brands look to China Repeats story from Tuesday with no changes By Farah Master, Sophie Yu and Mimosa Spencer HONG KONG, March 7 (Reuters) - Hong Kong, one of the world's top luxury shopping destinations, is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China.
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Chanel takes glittering, camellia-themed line-up to Paris catwalk

Chanel takes glittering, camellia-themed line-up to Paris catwalk By Mimosa Spencer PARIS, March 7 (Reuters) - French fashion label Chanel took to a darkened runway for creative director Virginie Viard’s fall-winter collection on Tuesday, showing a glamorous line-up infused with references to a key brand symbol, the camellia flower. The entire set was built around towering, white camellia sculptures that faced the audience, seated in steep risers ringing the space, a sprawling exhibition hall
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Hong Kong loses lustre as retail units go vacant and big brands look to China

Hong Kong loses lustre as retail units go vacant and big brands look to China By Farah Master, Sophie Yu and Mimosa Spencer HONG KONG, March 7 (Reuters) - Hong Kong, one of the world's top luxury shopping destinations, is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China.
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Louis Vuitton shows playful, French styles at Musee d'Orsay in Paris

Louis Vuitton shows playful, French styles at Musee d'Orsay in Paris PARIS, March 6 (Reuters) - Louis Vuitton LVMH.PA took to the Musee d'Orsay for its fall-winter catwalk show on Monday, sending a modern lineup of playful, sculptural looks down a slick, black runway designed to evoke a Paris street. Exploring notions of French style, Nicolas Ghesquiere, artistic director of the label's womenswear collections, played with volumes of clothing and trompe l'oeil effects, including boots that looked
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LVMH rejigs beauty division, names Stephane Rinderknech CEO

LVMH rejigs beauty division, names Stephane Rinderknech CEO PARIS, March 6 (Reuters) - LVMH LVMH.PA , the world's largest luxury company, on Monday named Stephane Rinderknech as chairman and CEO of its beauty division, rounding out a series of broader management changes at the owner of Guerlain and Parfums Christian Dior. A former L'Oreal executive with extensive experience in the U.S.
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European shares wipe gains on hawkish remarks from ECB officials

UPDATE 2-European shares wipe gains on hawkish remarks from ECB officials For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Euro zone Jan retail sales rebound lower than expected Lufthansa tops STOXX 600 on HSBC rating upgrade Telecom Italia up on CDP non-binding fixed-line network offer Belimo drops on 2023 margin concerns Updates prices to close; adds details, comments By Ankika Biswas and Shreyashi Sanyal March 6 (Reuters) - European sh
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Balenciaga spotlights craft at first runway show since ad controversy

Balenciaga spotlights craft at first runway show since ad controversy By Mimosa Spencer PARIS, March 5 (Reuters) - French luxury group Kering's fashion house Balenciaga shifted the focus to fashion construction Sunday for its first catwalk show since a backlash from an advertising campaign last year. The label, which was criticised for a campaign featuring imagery of children, showed a lineup of distinctive tailoring, body-hugging silhouettes with hulking shoulders and full-length, glittering ev
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European shares lifted by miners' best week in nearly two years

UPDATE 2-European shares lifted by miners' best week in nearly two years For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Euro zone recovery gathers pace - survey Morgan Stanley, others now forecast 4% peak for key ECB rate Lufthansa soars after swinging to annual profit Volkswagen's 2023 sales outlook blows past forecast, shares rise STOXX 600 up 0.9%, gains 1.4% this week Updates prices, details; adds chart By Shreyashi Sanyal, Johann M
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Tech stocks lift European shares on Fed relief

Tech stocks lift European shares on Fed relief For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window March 3 (Reuters) - European shares opened higher on Friday, underpinned by rate-sensitive technology stocks after comments from a U.S. Federal Reserve official about a potential pause in monetary tightening prompted investors to take on risky assets.
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European shares kick off March lower as BNP Paribas slides

UPDATE 2-European shares kick off March lower as BNP Paribas slides For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BNP Paribas falls as Belgian state reduces its stake Moncler jumps after annual sales beat forecasts Allfunds slides after Euronext pulls $5.8 bln offer Banks, utilities drag STOXX 600 down 0.7% Updates prices to close, adds details By Johann M Cherian, Shreyashi Sanyal and Bansari Mayur Kamdar March 1 (Reuters) - A fall i
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Saint Laurent hits Paris catwalk with broad-shouldered glamour

Saint Laurent hits Paris catwalk with broad-shouldered glamour By Mimosa Spencer PARIS, Feb 28 (Reuters) - Saint Laurent designer Anthony Vaccarello drew his Paris Fashion Week audience into a dark, chandelier-lined runway Tuesday night, sending out a sensual lineup of night-club-ready eveningwear derived from office classics—blazers, pinstripes and pencil skirts.
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