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 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.

Kering Eyewear Seals Acquisition of Italian Manufacturer Lenti

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.

Luxury: higher margins than in 2016 despite Covid-19

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.

François-Henri Pinault squashes Moncler purchase rumor

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.

Kering versus LVMH: It bags and influencers VS heritage and size

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.

Kering grows 16% but profit plummets by 37.4% in 2019 due to extraordinary gain

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.

Most read

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 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’s owner takes full control of Courrèges

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

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).

Profiles

Bernard Arnault

President and CEO of LVMH

Pier Paolo Righi

CEO of Karl Lagerfeld

John Donahoe

CEO of Nike

Jesús Gil

Head of Southern Europe in Esprit

View all profiles