The international luxury group based in Paris and famous owning luxury goods brands such as Balenciaga, Alexander McQueen and Gucci, has announced it plans to buy back up to 1% of its share capital over the next year.
Kering said the total amount should not exceed €300 million and that the price per share will not be greater than €480.
Kering shares reached a record high of €522 in June and have risen around 3% so far this year.
