Stock Movers WH Smith Up, Vivendi Slumps, Kering Drops
Nov 19, 2025
WH Smith faces turmoil as its CEO resigns amid an accounting error that impacts profit outlook. Meanwhile, Vivendi's shares dive after reports suggest major shareholders may dodge compensation to minorities. Kering struggles, with its CEO urging a shift away from Gucci dependence and a reduction in store numbers to reclaim growth. The hosts unpack these significant moves shaking up the retail and media landscapes.
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Leadership Fallout From Accounting Failures
- WH Smith's CEO resigned immediately after a Deloitte probe found insufficient systems and oversight in its US unit.
- The company also widened the North America profit hit despite reassurance on UK performance and lower-than-expected net debt.
Market Calming After CEO Exit
- Analysts saw modest share reaction as investors noted positives beyond the CEO departure.
- Reassurance on UK business and lower net debt helped calm markets despite credibility concerns.
Regulator May Force Vivendi Buyout
- France's regulator ordered Vivendi's majority holder to make a public offer after last year's breakup possibly disadvantaged minorities.
- The ruling could force a buyout and potential delisting, though appeals and offer size remain uncertain.