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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

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.

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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