Half Year 2023 Kering SA Earnings Call Transcript
Good afternoon. This is the conference operator. Welcome, and thank you for joining the Kering 2023 First Half Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Francois-Henri Pinault, Chairman and CEO of Kering. Please go ahead, sir.
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Thank you. Good evening to all of you, and welcome to Kering's 2023 half year results call. Jean-Marc Duplaix, our brand new CEO, will go over the operational and financial highlights of the first half in a moment. But before I give him the phone, it's important for me to go over the rationale of the changes in our organization we announced last week.
As you saw, I made a series of major decisions that will have a profound impact, and I want to make sure that they are well understood. As you have also seen, we've just announced that we are buying a 30% stake in Valentino. And I will also say a few words about that. So why did I decide to modify our organization? And why
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