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Paris Stock Exchange: Kering is lagging behind the luxury

Paris Stock Exchange: Kering is lagging behind the luxury

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If the Paris Stock Exchange closed up 0.37% on Monday, waiting for the continuation of negotiations on Brexit and the economic recovery plan in the United States, the luxury group Kering for its part sold 1.64% to 564.10 euros.

 

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Since the beginning of December, the company has posted the third biggest drop in the CAC 40, investors being a little less confident about the prospects of recovery, notably for the flagship brand Gucci.

On the contrary, a heavyweight on the stock market, LVMH has pulled the Parisian index upwards with a 1.76% increase to €509.20. Hermès was also favoured by investors (+1.15% to 844.60).

 

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Featured photo: © Kering

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