Gucci Owner’s Bond Deal Breaks Europe’s Corporate Sales Freeze

Gucci owner Kering SA is snapping the longest dry spell for Europe’s corporate debt sales since 2020, with May’s approach likely to prompt more activity before the end of market support.

The French luxury fashion group priced 1.5 billion euros ($1.58 billion) across two tranches, according to a person with knowledge of the sale, who asked not to be identified as they’re not authorized to speak about it. The deal boosts the meager 6.53 billion euros of non-financial corporate issuance so far this month and is the first new investment-grade debt deal from a non-financial company since April 12, ending ...