Kering Secures EUR 750 Million with Strategic Bond Issuance
Kering Secures Significant Bond Issuance
Kering has successfully issued a bond totaling EUR 750 million, marked by a 10-year maturity and a fixed coupon rate of 3.625%. This strategic move illustrates Kering's commitment to ensuring its financial stability and operational flexibility in the evolving luxury market.
Enhancing Financial Flexibility
The recent bond issuance aligns with Kering's proactive liquidity management strategy. Using funds from the bond issue, Kering aims to reinforce its financial position, enabling the company to adapt seamlessly to market variations and invest confidently in growth opportunities.
Market Confidence in Kering
This successful bond sale reflects strong confidence from investors in Kering’s credit quality. Having obtained a long-term rating of 'BBB+' from Standard & Poor's, Kering demonstrates solid performance among its peers in the luxury industry. The bond’s popularity showcases a positive outlook for Kering's financial health and growth trajectories.
About Kering and Its Luxury Houses
Renowned Brands Under Kering
Kering stands as a leader in the global luxury market, representing a collection of esteemed Houses in Fashion, Leather Goods, and Jewelry. Within its portfolio are iconic brands such as Gucci, Saint Laurent, Bottega Veneta, and Balenciaga, alongside fine jewelry labels like Boucheron and Pomellato. Kering's unique approach fosters creativity, allowing its brands to innovate while prioritizing sustainable practices.
A Vision for Sustainable Luxury
With a workforce of around 49,000 individuals and annual revenues hitting €19.6 billion, Kering is a testament to how luxury can evolve responsibly. Their mantra, "Empowering Imagination," reflects the commitment to shaping luxury that meets the needs of both consumers and the planet today.
Contact Information
If you would like more information regarding Kering's recent bond issuance or any inquiries related to the company, please reach out to the contacts listed below:
Press Contacts
Emilie Gargatte | +33 (0)1 45 64 61 20 | emilie.gargatte@kering.com
Marie de Montreynaud | +33 (0)1 45 64 62 53 | marie.demontreynaud@kering.com
Analysts & Investors
Claire Roblet | +33 (0)1 45 64 61 49 | claire.roblet@kering.com
Frequently Asked Questions
What was the total amount raised in Kering's bond issue?
Kering raised a total of EUR 750 million through its bond issuance.
What is the maturity period of the issued bonds?
The bonds have a maturity period of 10 years.
What is the interest rate of the Kering bond?
The bond has a fixed coupon rate of 3.625%.
What is Kering's credit rating?
Kering holds a long-term rating of 'BBB+' from Standard & Poor's.
Which luxury brands are managed by Kering?
Kering manages renowned brands including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, and many others.
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