France's Billionaire Kings of Bling Are Under Pressure
At the peak of its powers a few years ago, Francois-Henri Pinault's luxury conglomerate Kering – owner of Gucci, Yves Saint Laurent and Balenciaga — was valued at over $100 billion on the stock market. Since then, its shares have tumbled more than 75%, Gucci is in trouble and after two decades at the helm Pinault is handing the operational reins to veteran auto executive Luca de Meo.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Stevanato Group to Report Second Quarter 2025 Financial Results on August 5, 2025
PIOMBINO DESE, Italy, July 22, 2025--(BUSINESS WIRE)--Stevanato Group S.p.A. (NYSE: STVN), a leading global provider of drug containment, drug delivery, and diagnostic solutions to the pharmaceutical, biotechnology, and life sciences industries, announced today that it will issue financial results for the second quarter of 2025 on Tuesday, August 5, 2025, at 6:30 a.m. (ET). Conference call and webcast: The Company will host a conference call and webcast at 8:30 a.m. (ET) on Tuesday, August 5, 2025, to discuss financial results. During the call, management will refer to a slide presentation which will be available on the morning of the call on the "Financial Results" page under the Company's Investor Relations section of its website. Pre-registration: Participants who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. We encourage participants to pre-register for the conference call using the following link: STVN conference call pre-registration. Webcast: A live, listen-only webcast of the call will be available at the following link: STVN webcast. Dial in: Those who are unable to pre-register may dial in by calling: Italy: +39 02 802 09 11 United Kingdom: +44 1 212 818004 United States: +1 718 705 8796 United States Toll Free: +1 855 265 6958 Questions during the call: Participants who wish to ask questions during the call should use the HD webphone link: Replay: The webcast will be archived for three months on the Company's Investor Relations section of its website. About Stevanato Group Founded in 1949, Stevanato Group is a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. The Group delivers an integrated, end-to-end portfolio of products, processes, and services that address customer needs across the entire drug life cycle at each of the development, clinical, and commercial stages. Stevanato Group's core capabilities in scientific research and development, its commitment to technical innovation, and its engineering excellence are central to its ability to offer value-added solutions to clients. To learn more, visit: View source version on Contacts Investor Relations Lisa Miles: Media media@
Bloomberg
21 minutes ago
- Bloomberg
SAP Reports Cloud Growth That Falls Short of Expectations
SAP SE reported quarterly cloud and software sales that fell just short of estimates as tariff insecurities weighed on Europe's most valuable company. Cloud and software revenue increased 11% to €7.97 billion ($9.4 billion) in the period ended June 30, the Walldorf, Germany-based company said Tuesday in a statement. That missed analysts' average estimate of €7.99 billion, according to data compiled by Bloomberg.
Bloomberg
21 minutes ago
- Bloomberg
Japan's power trading set to surge with end of key deal
The shakeup is already driving hedging activity in the futures market, as traders position for potential changes in supply and demand. Trading volumes on the European Energy Exchange AG — the largest bourse for Japanese power derivatives — more than doubled in June from the same month last year. 'We have seen very active hedging trades in the EEX Japan Power futures market to cover the risk exposure from those physical positions for the same period,' said Bob Takai, chief executive officer of EEX Japan. While traders usually hedge summer and winter 2026 contracts at the end of the year, volumes for those seasonal products are already picking up, he added. Still, some traders remain cautious as it's still unclear how much electricity the major retailers will actually procure. Jera, a 50-50 venture between Tepco and Chubu, was founded in 2015 to combine power generation assets and overseas fuel procurement. A spokesperson for TEPCO Energy Partner, the utility's retail arm, declined to comment on specific plans for power procurement. The company will make use of the market and various products for an optimal procurement method and balance, the spokesperson said. Chubu Electric's retail arm will continue to build an appropriate procurement portfolio taking into account factors like economics and stable supply of electricity, a spokesperson said, declining to comment on the details of its contract with Jera. Jera will offer wholesale electricity on equal terms to all retailers, including those at Tepco and Chubu, which must participate in public and brokered sales like any other firm, a spokesperson said. The company plans to expand wholesale offerings to a wider range of retailers from fiscal year 2026, the spokesperson added. Demand has become increasingly difficult to forecast amid extreme weather and natural disasters, highlighting the growing importance of hedging strategies. The recent heat wave pushed day-ahead spot prices to a four-month high on Sunday, making weather a major driver of short-term volatility. In response, EEX is preparing to launch a daily futures product for the Kansai area, giving traders more tools to hedge against regional price swings.
