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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

 

By Luxury Daily News Service

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.

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