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Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.
Barclays analysts said Kering’s Saint Laurent creative transition appears well-planned after the company said creative director Anthony Vaccarello will depart following a decade in the role.
Saint Laurent says Anthony Vaccarello will leave his role as creative director, a position he has held since 2016.
Saint Laurent, owned by Kering, announced the departure of its creative director Anthony Vaccarello.
Saint Laurent said Anthony Vaccarello is leaving after leading the house’s creative direction since 2016. Kering said it will announce new creative leadership soon.
Luca de Meo says Italy remains central to Kering’s manufacturing system, rules out interest in buying a minority stake in Armani and says Gucci sneaker production in China reflects specific technical needs. He also outlines a supply-chain reorganisation and declines to comment on rumours about creative directors.