Luxury Daily
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Retail

Kering issues bond for $1.3B to firm up finances as COVID-19 takes toll

May 5, 2020

From the YSL archives: Model Kate Moss in Kering brand Saint Laurent. Image credits: Inez and Vinoodh for YSL/Saint Laurent From the YSL archives: Model Kate Moss in Kering brand Saint Laurent. Image credits: Inez and Vinoodh for YSL/Saint Laurent

 

Gucci owner Kering has issued a dual-tranche bond for $1.3 billion to shore up its liquidity position as the French conglomerate’s global operations face stalled operations bar ecommerce.

To read the entire article, please subscribe or