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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Kering | EU:KER | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.35 | -1.59% | 330.30 | 330.25 | 330.30 | 338.10 | 328.55 | 336.20 | 96,655 | 15:57:08 |
From Apr 2019 to Apr 2024
By Giulia Petroni
French luxury-goods conglomerate Kering has invested in online reseller Vestiaire Collective in order to embrace new market trends and sustainable practices.
The Paris-based startup said Monday that it has completed a 178 million-euro ($214.9 million) financing round backed by Kering and investment firm Tiger Global Management.
As part of the round, Kering has acquired a stake of around 5% in the reseller.
"Pre-owned luxury is now a real and deeply rooted trend, especially among younger customers," Kering's Chief Executive Officer Francois-Henri Pinault said.
Goldman Sachs Group Inc. served as strategic advisor and private placement agent of Vestiaire Collective for the financing round.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 01, 2021 12:36 ET (17:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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