Capital/Financing Update • Nov 16, 2023
Capital/Financing Update
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November 16, 2023
Kering has issued an inaugural sterling bond for a total of £800 million, consisting of:
This issue, in line with the Group's active liquidity management, enables Kering to enhance its financial flexibility and to diversify its sources of funding, by accessing for the first time the sterling bond market.
The great success of this issue with investors underscores the market's confidence in the credit quality of the Group. Kering's long-term debt is rated "A" with a stable outlook by Standard & Poor's.
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ginori 1735 as well as Kering Eyewear and Kering Beauté. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. We capture these beliefs in our signature: "Empowering Imagination". In 2022, Kering had over 47,000 employees and revenue of €20.4 billion.
| Press | ||
|---|---|---|
| Emilie Gargatte | +33 (0)1 45 64 61 20 | [email protected] |
| Marie de Montreynaud | +33 (0)1 45 64 62 53 | [email protected] |
| Analysts/investors | ||
| Claire Roblet | +33 (0)1 45 64 61 49 | [email protected] |
| Julien Brosillon | +33 (0)1 45 64 62 30 | [email protected] |
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