Kering SA
KER: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €631.00 | Ybwqw | Zgbmzwwh |
Kering's Brands Rebound Strongly From Pandemic
Business Strategy and Outlook
Kering’s portfolio of luxury brands provides it with a narrow moat and a good platform for future growth. The flagship Gucci brand accounts for almost 60% of revenue and 80% of the company's earnings but brands like Saint Laurent (over EUR 2 billion in pre-COVID-19 revenue), Bottega Veneta and Balenciaga (with pre-COVID-19 revenue in excess of EUR 1 billion) are also set to support growth in the future.