International Luxury Group Kering to Buy Back 1% of its Shares

2 November 2018

The international luxury group based in Paris and famous owning luxury goods brands such as Balenciaga, Alexander McQueen and Gucci, has announced it plans to buy back up to 1% of its share capital over the next year.

Kering said the total amount should not exceed €300 million and that the price per share will not be greater than €480.

Kering shares reached a record high of €522 in June and have risen around 3% so far this year.

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