PARIS (Reuters) – French luxury goods group Kering <PRTP.PA>, whose brands include Gucci and Saint Laurent, said it planned to buy back up to 1 percent of its share capital over a 12-month period.
Kering said the total amount of the buyback would not exceed 300 million euros ($342 million), and that the price paid would not exceed 480 euros per share.
Kering shares, which hit a record high of around 522 euros in June, have risen about 3 percent so far in 2018.
($1 = 0.8777 euros)
(Reporting by Sudip Kar-Gupta, editing by Louise Heavens)