Thomas Vincent Chauvet's questions to Kering (PPRUY) leadership • Q3 2021
Question
Thomas Chauvet of Citi asked about the criteria for Kering versus its holding company Artemis making fashion-tech investments. He also inquired about plans for the next share buyback tranche and the financial health and capital needs of the watch division, amid divestment speculation.
Answer
CFO Jean-Marc Duplaix explained that Kering invests in tech for strategic collaboration and learning, while Artemis makes purely financial investments. He stated it was too soon to comment on the next buyback tranche. Regarding watches, he celebrated their return to year-on-year growth but acknowledged Kering is a small market player and is keeping 'all the options open' for the division's future.