Stock Movers Kering Up, Holcim Gains, TKMS Rises
Oct 20, 2025
Kering is making waves by selling its beauty division to L’Oreal, boosting its stock by 36% this year. Holcim is also in the spotlight, acquiring Xella for €1.85 billion to enhance its sustainable building solutions. Meanwhile, TKMS, Germany's largest warship-maker, debuted impressively on the Frankfurt market, jumping from €60 to €75 a share. These strategic moves reflect a broader trend in cost-cutting and defense sector growth.
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Kering Prioritizes Balance Sheet Repair
- Kering sold its beauty division to L'Oreal for €4 billion as part of a strategic partnership.
- The move eases Kering's debt and was welcomed by markets as CEO Luca de Meo begins turnaround efforts.
Market Rewards Kering's Cost Cuts
- Analysts view divesting the beauty unit as reducing Kering's high debt burden and cutting costs.
- The market rewarded the decision with a notable share price rise.
Naval Demand Lags Other Defence Areas
- Europe's rearmament focuses more on land and air than naval forces, limiting upside for shipbuilders.
- TKMS may still benefit from increased German defence spending but not a massive naval procurement surge.