LONDON — This week, Kering named Luca de Meo as its new chief executive officer, replacing François-Henri Pinault in the top executive role. Pinault will …
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Kering
Kering Shares Surge as Renault CEO Set to Join for Turnaround
Kering SA shares surged as the owner of the struggling Gucci fashion label prepares to name the chief executive officer of Renault SA as its …
Report: Kering to Name Renault Boss Luca de Meo CEO
Luca de Meo is leaving Renault to pursue “new challenges”, the company said on Sunday shortly after a newspaper report said he would become the …
Kering Acquires Lens Maker Lenti in Eyewear Push
Kering has acquired Italian lens manufacturer Lenti in its latest move to build out its industrial platform in high-end eyewear. The terms of the deal …
Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say
Gucci owner Kering is in exclusive talks with buyout group Ardian about the sale of a stake in a prestigious Fifth Avenue building it bought …
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
In trying to reduce Kering’s over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled …
Kering Facing Drop in US Consumption, CEO says
Gucci-owner Kering has seen a stark decline of demand for its luxury and fashion goods in the United States, its chief executive François-Henri Pinault told …
Kering Shakes Up Leadership at Brioni and Ginori 1735
Kering is reshuffling the leadership at smaller heritage brands Brioni and Ginori 1735 as it faces mounting pressure from steep sales declines across its broader …
Kering Shares Plunge 12% After Gucci’s Demna Appointment
Kering shares dropped sharply on Friday morning after the group led by Francois-Henri Pinault chose to bet on subversive in-house talent Demna to reinvigorate its …
Kering Names General Secretary, Strategy Chief
French luxury group Kering has appointed a new secretary general and head of strategy as part of an effort to strengthen its executive team after …
The Debrief | Can Kering Fix Gucci?
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Can Kering Bounce Back From Its ‘Annus Horribilis’?
PARIS — Gucci’s sales plunged 24 percent in the fourth-quarter, underscoring the steep decline that prompted the brand to seek a new creative direction. After …
Kering Sells Italian Luxury Outlets to Alleviate Debt
Kering has sold its “The Mall Luxury Outlets” unit to US real estate company Simon, the French luxury conglomerate said in a statement on Thursday. …
Kering Sells Majority Stake in Three Paris Properties to Ardian
Kering SA will sell a majority stake in three Paris properties to French private equity firm Ardian, a deal that will net the struggling owner …
Kering Seen Closing Property Deal in Early 2025 to Cut Debt Load
Kering SA expects to soon secure outside investment for a new entity that would house its real estate assets — including about €4 billion ($4.2 …
Kering Names New CEOs at Saint Laurent and Balenciaga
French luxury group Kering has promoted Balenciaga chief Cédric Charbit to Iead Saint Laurent, its second-biggest brand. The move will allow Francesca Bellettini, Saint Laurent’s …
Kering Warns on Profit as Sales Fall 16%
Kering’s third-quarter sales fell 16 percent on a comparable basis to €3.78 billion ($4.08 billion) as a market-wide slowdown pounded the French group. Gucci, Saint …
Bottega Veneta x Kering Beauté Private Dinner
Bottega Veneta, in collaboration with Kering Beauté, hosted an exclusive dinner at their Venice residence, located in the historic Palazzo Soranzo van Axel. Co-hosted by …
Kering Stock Rating Cut to ‘Sell’ as Goldman Doubts Luxury Rally
Last week’s China-fuelled rally in luxury-goods stocks is based on unstable foundations, according to Goldman Sachs Group Inc. analysts. Stimulus measures announced by the economic …
Francesca Bellettini’s Plan For Kering
PARIS — White roses, white sofas, black marble tables and leather handbags. All is order and simplicity in the monochromatic boutiques that have helped propel …