Kering’s 2025 Annual General Meeting: Key Highlights
On April 24, 2025, luxury fashion group Kering held its Annual General Meeting (AGM) in Compagnie des Nations, Geneva. The event was an opportunity for the company’s shareholders to review Kering’s activities in 2024 and to discuss future strategies. Here are the main points from the press release:
Financial Performance
Kering reported a strong financial performance for the fiscal year 2024. The company’s revenue grew by 11.5% compared to the previous year, reaching €12.5 billion. The growth was driven by the exceptional performance of its two flagship brands, Gucci and Saint Laurent. Both brands saw double-digit growth in all regions, with Asia-Pacific being the main contributor.
Sustainability Initiatives
Kering reaffirmed its commitment to sustainability and responsible business practices. The company announced that it had reduced its carbon emissions by 35% since 2015, and that it was on track to achieving its goal of becoming carbon neutral by 2025. Additionally, Kering unveiled a new partnership with a leading renewable energy provider to power its factories with 100% renewable energy.
Innovation and Digital Transformation
Kering highlighted its ongoing efforts in innovation and digital transformation. The company announced the launch of a new e-commerce platform, which will offer a personalized shopping experience to customers. Additionally, Kering revealed that it was investing in the development of new technologies, such as virtual and augmented reality, to enhance the customer experience.
Dividend
The AGM also saw the approval of a dividend payment of €3.50 per share, an increase of 10% compared to the previous year.
What Does This Mean for Me?
As a shareholder in Kering, these announcements are positive news. The strong financial performance and the commitment to sustainability and innovation are indicators of a healthy and forward-thinking company. The dividend increase is also a welcome bonus.
What Does This Mean for the World?
Kering’s commitment to sustainability and responsible business practices is a step in the right direction for the fashion industry as a whole. The company’s goal of becoming carbon neutral by 2025 is an ambitious one, but one that other fashion companies may follow. Additionally, the investment in renewable energy and digital transformation shows that Kering is not only focused on its financial performance, but also on its impact on the world.
Conclusion
Kering’s 2025 AGM was a positive event for the luxury fashion group, with strong financial results, a renewed focus on sustainability and innovation, and a commitment to responsible business practices. As a shareholder, these announcements are encouraging, and as a consumer, they are a reminder that companies can prioritize both profit and social responsibility.
- Kering reported strong financial performance in 2024
- The company is committed to sustainability and reducing carbon emissions
- Kering is investing in innovation and digital transformation
- Shareholders approved a dividend payment of €3.50 per share
- Kering’s commitment to sustainability is a positive step for the fashion industry
