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François-Henri Pinault: Heir, strategist and his shadows

“Being an heir isn’t about managing an inheritance; it’s about knowing how to transform it.” This statement, attributed to François-Henri Pinault, summarises his career path. It is the path of a son who not only continued his father’s work but also transformed it to the point of changing its fundamental nature. Where François Pinault built a...

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Business

Puma stock falls as major shareholder weighs options

Puma shares fell by 4 percent on Tuesday afternoon. This followed a statement by majority shareholder François-Henri Pinault that he was keeping all options open for his investment company Artemis regarding its stake in the sportswear manufacturer. Artemis holds 29 percent of Puma. Pinault made this statement at the annual general meeting of...

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People

Is François-Henri Pinault stepping back from Kering?

Paris - 63-year-old François-Henri Pinault, chief executive officer of French luxury group Kering (Kering), is reportedly planning to separate the roles of chairman and chief executive officer. This information was published on Thursday by the business magazine Challenges. According to the magazine, which did not cite its sources, Pinault will...

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Fashion

Exotic skins: Peta calls François-Henri Pinault ‘Pinocchio’ for broken promise

A look back at Kering’s annual general meeting on April 24, 2024, during which animal rights organisation PETA accused François-Henri Pinault, chief executive officer of the luxury group Kering, of lying, giving him the nickname ‘Pinocchio’. The issue was in regards to his commitments to the animal protection association PETA. The reason for the...

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Culture

Kering’s François-Henri Pinault believed to be eyeing CAA acquisition

François-Henri Pinault, the chief executive officer of luxury fashion house Kering, is believed to be in “advanced” discussions to acquire a majority stake in Hollywood talent agency Creative Artists Agency (CAA). For the firm, which represents the likes of Brad Pitt and Scarlett Johansson, such a deal could reel in “at least seven billion...

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People

Luxury titan Pinault gives up part of salary over virus

Francois-Henri Pinault, the head of French luxury group Kering, has agreed to give up a quarter of his fixed wages for the rest of the year and the entirety of his variable compensation for 2020, the company said Friday. The luxury group which includes labels such as Gucci, Saint Laurent, Balenciaga and Bottega Veneta in its stable, put the move...

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​Puma confirms François-Henri Pinault departure from board of directors

London - Puma has confirmed that François-Henri Pinault is no longer a member of its newly elected Puma board of directors, reviving speculation that it parent company Kering has begun to explore options for a sale of the sportswear label. "We confirm that Mr. Pinault is not a member of the newly elected Puma Board of Directors. Mr. Thore...

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Business

Kering introduces minimum maternity leave time

London - Luxury conglomerate Kering is set to introduce a new parental policy for all its employees across the global, which includes a minimum of 14 weeks full pay maternity leave. Effective from January 1, 2017, Kering parental policy will offer all 38,500 employees, with more than year’s seniority, 14 weeks full pay maternity and adoption...

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