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 conglomerate has designed a new digital strategy after breaking its joint venture with Yoox-Net-a-Porter at the end of last year.

Kering to open factories in Italy and the US

French group will open a new warehouse in Trecate, near to the Italian city of Novara, and a new factory in New Jersey. The company will move near 400 employees that are currently working in Switzerland.

Kering moves towards digitalization and AI

François-Henri Pinault, CEO of the French luxury conglomerate, explained to the shareholders that the introduction of new technologies will make resources available to focus on business planning.

Kering to improve profit and double in 2018

The group sales reached 13.66 billion euros, 26.3% up versus the previous fiscal year, thanks to the evolution of its business in all the regions.

Kering cuts ties with Yoox Net-a-Porter and retakes control of e-commerce

Until now, the London e-commerce group owned by Richemont has managed online sales platforms of brands such as Gucci, Saint Laurent or Bottega Veneta.

Kering teams up with Italian weaver Albini

The French group, owner of brands like Gucci and Balenciaga, takes a step forward in sustainability and will control the cotton supply chain used by all its brands for product manufacturing.

Most read

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 group, owner of brands such as Gucci, Balenciaga and Saint Laurent, entered last Monday the Euro Stoxx 50 index, which encompasses the fifty largest listed stocks in the Eurozone by free-float market capitalization.

Artémis, the Pinault family investment vehicle, already owned a 40% stake in the historical French company and now has raised its share to 100%.

The owner of Gucci, which sold its stake in Stella McCartney a few months ago, is focusing its group strategy on luxury. The company is also looking to sell sportswear brand Volcom.