(FILES) This photograph shows the logo of Kering during the 2026 Kering Women in Motion Awards on the sidelines of the 79th edition of the Cannes Film Festival in Cannes, southern France, on May 17, 2026. The French luxury group Kering, currently undergoing a transformation, reported a sharp drop in net profit for the first half of the year on July 28, 2026, but its sales returned to growth in the second quarter, which it says is a sign of the effectiveness of its strategy. (Photo by Sameer AL-DOUMY / AFP via Getty Images)