Finance
Monday, December 19, 2022

Completion of the Stock Repurchase Program

The Stock Repurchase Program announced on August 25, 2021, with the aim of repurchasing up to 2.0% of Kering's share capital over a 24-month period, was completed on December 15, 2022.

Between August 25, 2021 and December 15, 2022, 2.6 million shares were repurchased.  

Of these total, 1,050,000 shares have already been cancelled.  

It will be proposed at the next meeting of the Board of Directors on February 14, 2023 to cancel 650,000 additional shares, thus bringing the total number of shares cancelled to 1.7 million. 

About Kering

 

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, as well as Kering Eyewear. 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 2021, Kering had over 42,000 employees and revenue of €17.6 billion.

 

 

Contacts

Press

Emilie Gargatte       +33 (0)1 45 64 61 20      emilie.gargatte@kering.com  

Marie de Montreynaud     +33 (0)1 45 64 62 53     marie.demontreynaud@kering.com

                           

Analysts/investors

Claire Roblet     +33 (0)1 45 64 61 49    claire.roblet@kering.com

Julien Brosillon     +33 (0)1 45 64 62 30      julien.brosillon@kering.com