Kering: It’s Gucci - [Business Breakdowns, EP.199]

This is Business Breakdowns. Business Breakdowns is a series of conversations with investors and operators diving deep into a single business. For each business, we explore its history, its business model, its competitive advantages, and what makes it tick. We believe every business has lessons and secrets that investors and operators can learn from, and we are here. to bring them to you.

To find more episodes of breakdowns, check out joinccolossus.com. All opinions expressed by hosts and podcast guests are solely their own opinions. Hosts, podcast guests, their employers, or affiliates may maintain positions in the securities discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. This is Matt Russell and today we are breaking down the global luxury group, Caring.

You know caring from their brands Gucci, YSL, Bottega Veneta, Valenciaga, and the list keeps going. It's a luxury house with similarities to what you know from LVMH. But LVMH over the past five years is up over 40% and Kering is down over 60%. To break down Caring, I was joined by Jonathan Eng, portfolio manager at Causeway.

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