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Kering could pursue 'incremental M&A', says CFO

Published 23/04/2024, 18:43
© Reuters. The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. REUTERS/Sarah Meyssonnier/File Photo
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PARIS (Reuters) - French luxury group Kering (LON:0IIH) has a healthy balance sheet that would allow for "incremental" mergers and acquisitions, Chief Financial Officer Armelle Poulou told analysts on Tuesday.

© Reuters. The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. REUTERS/Sarah Meyssonnier/File Photo

She declined to comment on whether the company was interested in acquiring Italian eyewear business Marcolin.

Marcolin's main shareholder PAI Partners earlier this year hired Goldman Sachs (NYSE:GS) to explore a merger or a sale.

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