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    Anne-Laure Bismuth

    Research Analyst at HSBC Holdings plc

    Anne-Laure Bismuth's questions to Kering (PPRUY) leadership

    Anne-Laure Bismuth's questions to Kering (PPRUY) leadership • Q2 2023

    Question

    Anne-Laure Bismuth asked about the desired profile for the new permanent CEO at Gucci. She also questioned the validity of Gucci's midterm targets of €15 billion in sales and a 41% EBIT margin, and sought clarity on who would lead Saint Laurent following Francesca Bellettini's promotion.

    Answer

    Chairman and CEO François-Henri Pinault responded that the ideal profile for Gucci's next CEO will be determined after a thorough assessment, keeping all options open. CFO Jean-Marc Duplaix reaffirmed the Group's commitment to Gucci's midterm financial targets, while acknowledging the path may involve significant investment. Pinault clarified that Francesca Bellettini will remain the CEO of Saint Laurent in addition to her new duties as Kering's Deputy CEO to stay grounded in operations.

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    Anne-Laure Bismuth's questions to Kering (PPRUY) leadership • Q3 2021

    Question

    Anne-Laure Bismuth of HSBC requested details on Gucci's Q4 marketing calendar, including the 100th anniversary and the 'House of Gucci' movie. She also asked about the wholesale streamlining strategy for Saint Laurent and Bottega Veneta and inquired about any changes to the group's M&A approach.

    Answer

    Claire Roblet, Director of Financial Communications, outlined a full Q4 agenda for Gucci, including the centennial collection, the Balenciaga hacking project, and a new fashion show, noting the movie will provide a 'halo' for the brand. CFO Jean-Marc Duplaix explained that wholesale moderation at Saint Laurent and Bottega Veneta will begin in Q4. On M&A, he stated the group's views are unchanged, highlighting the recent Lindberg acquisition.

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