Is Balenciaga's Saga affecting Kering's stock price?

So,it’s clear this saga is not just affecting Balenciaga's reputation, but also Kering's stock price. With that said, analysts are still optimistic about the stock. KER stock recently received a €555 ($566.33) price target from equities research analysts at Barclays.

What does Balenciaga mean?

For the surname, see Balenciaga (surname). Balenciaga SA ( / bəˌlɛnsiˈɑːɡə / bə-LEN-see-AH-gə ) is a luxury fashion house founded in 1919 by the Spanish couturier Cristóbal Balenciaga in San Sebastian, Spain, and currently based in Paris.

How much money does Balenciaga make a year?

Driven largely by the "Ugly Sneakers" phenomenon, Balenciaga's revenue has boomed to around $2.3 billion from $17 million in 2001, according to analyst estimates. Growing ahead of owner Kering SA's group average, Balenciaga's share of sales exceed 10 percent, though it's still just a quarter the size of family member Gucci.

Did you know the 'Balenciaga show' is based on a fake $100 bill?

Here’s everything you need to know about the corporate-cool show. Set in New York’s Stock Exchange on the morning of 22 May, the parallel between going to church on a Sunday and attending the Balenciaga show was not lost on show-goers. The invite – a stack of fake $100 bills – set the holy grail of Instagram alight.