Kering announces Saint Laurent exit and Kering stock sits 40.09 percent below its high

Published on 10/12/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kering stock costs EUR 212.25 on October 12, 2026, plus 0.40 percent. First-half revenue rose 1.00 percent on a comparable basis.

Key points in brief

Kering announced Anthony Vaccarello's departure from Saint Laurent on October 9, 2026, after a decade as creative director.
First-half 2026 revenue reached EUR 7.2 billion, up 1.00 percent on a comparable basis.
Kering stock was at EUR 212.25 at Lang & Schwarz on October 12, 2026, plus 0.40 percent versus the Xetra close of EUR 211.40.
Goldman Sachs initiated coverage with a Neutral rating and a EUR 250.00 price target on October 4, 2026.

Bauhaus-Poster mit geometrischen Formen und dem Wort LUXURY in Gold und Blau — Geometrisches Bauhaus-Poster mit Sektor-Text LUXURY repräsentiert die Branche von Kering S.A. ISIN FR0000121485, Illustration mit AI erstellt.

Kering (ISIN FR0000121485) was trading at EUR 212.25 at Lang & Schwarz on October 12, 2026 at 10:31 a.m. CEST, 40.09 percent below its 52-week high of EUR 354.20. On October 9, 2026, Kering announced that Anthony Vaccarello was leaving his role as Saint Laurent creative director after 10 years, with new creative leadership to be announced.

Three milestones shape the reset

On April 16, 2026, Kering presented its ReconKering strategic plan at its Capital Markets Day. On July 28, 2026, first-half revenue reached EUR 7.2 billion, up 1.00 percent on a comparable basis, according to the Yahoo Finance transcript. The same July 28 results showed comparable second-quarter growth of 2.00 percent, the first quarter of growth in 12 quarters.

The financial improvement also reached profitability. Recurring operating income was EUR 921 million in the first half of 2026, a 12.80 percent margin that rose 40 basis points year-on-year, while free cash flow from operations reached EUR 2.6 billion, according to Yahoo Finance.

What does the creative reset mean?

Saint Laurent's leadership change arrives while Kering is managing a broad operational turnaround. The group had completed 84 net store closures by June 30, 2026, leaving 1,635 stores, and said it remained on track for at least 100 net closures during 2026.

Analyst expectations remain divided. Markets Insider reported on October 4, 2026, that Goldman Sachs initiated coverage with a Neutral rating and a EUR 250.00 price target. That target stands 17.79 percent above the Lang & Schwarz price, but the creative transition adds execution risk to the recovery case.

Third-quarter results come next

Kering's next reporting date is October 22, 2026, when the group is scheduled to publish third-quarter 2026 sales, as reported by Investing.com. That release should show whether the second-quarter return to comparable growth extended into the next period.

Stock remains below its yearly high

Kering stock was trading at EUR 212.25 at Lang & Schwarz on October 12, 2026 at 10:31 a.m. CEST, plus 0.40 percent versus the Xetra close of October 9, 2026 at EUR 211.40. The current market capitalization was EUR 26.1 billion, while the 52-week range stood at EUR 203.20 to EUR 354.20.

The further course of trading is shown by the continuously updated real-time quote of Kering stock.