Kering Delays Valentino Takeover: A Financial Reset

Kering hits pause on its Valentino takeover! Facing heavy debt and sales slumps, the luxury giant delays full acquisition of the Italian fashion house until at least 2028. New CEO Luca de Meo is prioritizing financial stability, signaling more cost cuts and strategic shifts ahead for the struggling group. Is this a smart move or a missed opportunity in the turbulent luxury market? Hosted on Acast. See acast.com/privacy for more information.