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.

The French luxury group has announced it fell victim to a cyberattack by Shiny Hunters, compromising Gucci customer data including names, addresses, and total spending.

Kering’s Bold Move: Luca de Meo Appoints Francesca Bellettini as Gucci’s Next CEO

The group is on the brink of appointing Francesca Bellettini as the new CEO of its flagship brand, marking one of Luca de Meo’s initial moves as he steps in for François-Henri Pinault to rejuvenate the holding.

New Allies Join Inditex and Kering’s Regenerative Farming Initiative

The Spanish and French powerhouses are the leading forces behind Conservation International’s Regenerative Nature Fund, which this year has surpassed over one million hectares dedicated to regenerative practices.

Gucci Faces Strike Threat as 1,000 Italian Workers Demand Social Bonus Payments

With tensions rising, Gucci’s Italian employees are on edge over unpaid social bonuses. The luxury brand remains silent on the issue.

François-Henri Pinault: A Luxurious Legacy and Strategic Shift at Kering

Following in his father’s footsteps from twenty years ago, the executive has exited his position managing Kering’s daily affairs, having elevated the company to its current stature as a luxury powerhouse.

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.

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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.

Luxury Travels to America under Trump’s shadow

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.

Valentino Secures €100M Boost from Kering and Mayhoola to Extend Growth Trajectory

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.

The French luxury conglomerate is stepping back from low-return emerging ventures. Its withdrawal from the British investment occurs amid strategic restructuring and an impending executive leadership change.

The Artemis bond is linked to the performance of Kering shares, which is in the midst of a top management reshuffle. The group, which urgently needs to gain liquidity, has reached its target.

The executive is reportedly working on the dissociation of his functions as Chairman and CEO, a position for which he is seeking a replacement in order to address the upcoming repositioning of the group.

The optics division of the French luxury specialist company has announced the purchase of Italian sunglasses and optical products company Lenti as part of its industrial development and market presence.

LVMH, Richemont and Kering ended 2020 decreasing by 1.3 points in their average gross margin. They also lost €13,000 million in sales in a year.

Kering shuts down down acquisition of Moncler. The group led by François-Henri Pinault confirms that the acquisition of the French company is not on the table. Pinault argues that the group will focus on existing brands, which include Saint Laurent, Balenciaga and Gucci, among others.

While Bernard Arnault’s group maintains its buyer appetite, Kering has divested to focus on fashion and luxury and has relied on star designers to boost the core of most of its brands in its portfolio.

The decline is due to the agreement reached with the Italian tax agency and the 1.18 billion euros in extraordinary grain recorded in 2018 for the sale of Puma.

In the dispute between the luxury holding and the designer, Hedi Slimane demanded the payment of 9.3 million euros for the shares he had in the company.

The italian company, owned by luxury holding Kering, has allied with Tencent, owner of WeChat to conquer the Chinese consumers.

Albert Bensoussan, joined the French group in 2014. He previously worked for rival LVMH.

The company, owned by French luxury holding Kering, has opened its first travel retail pop-up at the Singapore international airport.

The Italian luxury company, owned by Kering, will open popup store in major cities with its new concept Pin that makes reference to locator pins on maps.

The French luxury holding, owner of Gucci, Balenciaga or Bottega Veneta, had a revenue of 3.8 billion euros in the third quarter.

Roberto Vedovotto, managing director of Kering Eyewear, has denied the interest of the French group to take the over its optical business.

The luxury holding completed the spinoff of the German clothing and sports equipment company in May 2018. The group led by François Pinault still had 15.7% of the capital.

More than twenty fashion and luxury giants confirmed their attendance to the G7 Summit in Biarritz, France to create a path towards a more sustainable industry.

Not taking into consideration these extraordinaries, the net income of the French giant scaled 24.7%, up to 1.5 billion euros (1.7 billion dollars).

The French luxury conglomerate has acquired a minority stake in the sustainable brand, which until last year held a 50-50 joint venture with rival Kering.

The division of glasses of the French luxury company, which recorded sales worth 391 million in 2018, boost sales thanks to the incorporation of brands like Balenciaga.

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