Kering

Kering was founded in 1962 by Francois Pinault, who remains as president and CEO, and was originally called Etablissements Pinault. The company in its initial years was involved in wood trade negotiation and construction materials. It was originally British but grew via acquisitions and became a well-recognized national company in France. Today, the group one of the biggest luxury holdings in the world, owning brands like Gucci, Saint Laurent or Bottega Veneta amongst others.

Bottega Veneta’s Top Executive Joins Moncler as CEO

Bartolomeo Rongone has left the position he has held since 2019 at the firm owned by French conglomerate Kering, led by Luca De Meo, to join the top management of the company specializing in outdoor fashion.

Kering Expands Boucheron’s Reach in the UAE through Al Tayer Insignia Collaboration

As it commemorates 20 years in the Middle East, Kering’s jewelry company has secured a joint venture with a local partner to boost its regional presence.

Kering Expands Gucci Presence in Mexico with New Monterrey Store

Gucci is set to expand its footprint in Mexico with a new opening scheduled for the first quarter of next year at El Palacio de Hierro in Nuevo León’s capital, reinforcing its presence with a total of thirteen stores across the country.

Meet Marco Bizzari: Gucci’s Mastermind Takes on the Helm at Armani

The executive who steered Gucci through its major cycle, navigated a tax agreement with Italian authorities, and stepped down in 2023, has reemerged as a key advisor in Italy. Now, he’s joining Armani’s board and is rumored to take the helm at Golden Goose.

Kering Cashes In: Sells 60% Stake in 715 Fifth Avenue for $690 Million

Continuing its asset-light approach, the French luxury powerhouse made significant strides by selling three Paris properties and The Mall outlets to ease its debt burden.

Leadership Shift in French Luxury: Boucheron’s CEO Takes the Helm at Comité Colbert

Hélène Poulit-Duquesne, CEO of Boucheron and seasoned executive with a rich history at LVMH, Richemont, and Kering, has been appointed President of the Comité Colbert, the luxury association representing nearly 3% of the French GDP.

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Gucci’s Hits Kering: Sales Drop 16% in 1H

Sales for the French conglomerate’s leading brand plummet by 26%, cutting recurring profit to less than half of what it was in the same stretch of 2024. Yves Saint Laurent experiences an 11% decrease, as Bottega Veneta holds steady.

Norbert Stumpfl steps down as Design Director of Kering’s storied Italian tailoring brand after seven years, in a move that underscores the ongoing creative reshuffling in the luxury industry.

French luxury powerhouse takes a minority stake in Borland Jewelry through a €12 million funding round, riding the wave of gold’s rising allure in Asia.

Amid the luxury downturn, as Bain warns of disillusioned clients and dwindling shoppers, Chanel, Louis Vuitton, Gucci, and Dior set sail for the American dream with their cruise collections, navigating tariff tensions and nodding to Trump.

Under the leadership of the ex-Renault chief, the French luxury conglomerate has bolstered its executive ranks with three strategic appointments from the car industry. The reshuffle is part of an ongoing optimization plan.

The French luxury titan is set to launch a new investment vehicle geared towards identifying and funding emerging brands. This strategic unit is pivotal in the group’s plan to diversify beyond Gucci and unlock new growth avenues.

French conglomerate unveils CEO’s inaugural strategy focusing on fewer stores, a pricing overhaul, and reducing the Italian house’s influence, aiming to reignite growth within eighteen months.

The deal, set to be finalized next month, aims to bolster the financial framework of the Italian brand, which is 70% owned by a Qatar-backed investment fund and 30% by the French luxury powerhouse.

As the beauty industry’s giants clash, the Swiss branch of the American company has accused Gucci and Kering in a UK tribunal over their beauty license deal, which expires in 2028, aligning with L’Oréal’s potential market debut.

In collaboration with Shanghai Fashion Week, the French luxury conglomerate revealed its latest venture at the opening of their pavilion at the China International Import Expo.

Guided by Luca De Meo, the French group is undergoing a comprehensive portfolio review. Leading the charge is Alexander McQueen, marking Kering’s pivot towards streamlined operations after offloading its beauty unit to L’Oréal.

The cosmetics industry is undergoing a significant transformation. L’Oréal is leading the charge with its consolidation efforts, investment funds are speeding up, while conglomerates retreat, and fragrances emerge as the most strategic luxury asset.

In response to declining performance, the French group implements a decisive turnaround plan at its UK operations, targeting a return to profitability over the next three years by reducing the London office staff by 33%.

Despite a revenue boost to €3.415 billion this quarter, the French luxury giant, helmed by Luca De Meo, continues to grapple with challenges following a 15% drop in the previous quarter.

French luxury giant faces employee backlash over cutback on remote work from two days to one, echoing a global trend among major corporations prioritizing in-office presence.

In a bold move to tackle its soaring €9.439 billion debt, the French luxury conglomerate has inked a deal affecting renowned brands such as Creed, Gucci, Bottega Veneta, Balenciaga, and McQueen.

Luca de Meo’s inaugural move as CEO of the French conglomerate may involve selling off the company’s beauty division to chip away at its staggering $11 billion debt.

The newly appointed CEO of the French luxury powerhouse is spearheading a global reorganization. With a customer-centric approach and a drive for agility, this move follows an internal assessment revealing the company’s weaknesses and current standing.

Luca de Meo, stepping in for François-Henri Pinault, makes a bold statement by appointing Francesca Bellettini as CEO of the leading brand, aiming to breathe new life into the holding.

Fashion industry cyberattacks have surged over the past year, with projected costs for major conglomerates hitting $10.5 trillion by 2025, marking a 300% increase from 2015.

The new CEO of the French luxury group is looking to his roots for key appointments, bringing on Renault’s Thomas Cuntz as the newly created Head of Talent Development.

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