Kering: Major Management Reorganization Amidst Continued Underperformance (OTCMKTS:PPRUF)

Yves Saint Laurent luxury brand store showcase and entrance area on

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Kering (OTCPK:PPRUF) (OTCPK:PPRUY) announced its H1-23 results, reporting an underwhelming 2% growth Y/Y, an operating margin decrease, and close to zero free cash flow. The luxury group continues to lag behind industry leaders in LVMH (

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