Kering SA

KER: XPAR (FRA)

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Kering: Capital Markets Day Stresses Diversification, but Gucci Recovery Remains Central

Jelena Sokolova

Apr 20, 2026

We attended Kering's capital markets day in Florence, where the management presented its midterm plan for the group's revival. Goals included more than doubling operating margin from 2025 levels (11% versus high 20s historically) and improving return on capital employed to above 20%.

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Kering SA

Kering: Capital Markets Day Stresses Diversification, but Gucci Recovery Remains Central

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