Kering news and archive

In 'an uncertain world', luxury groups wary of 2026

Paris (France) - Following a "turbulent" 2025 and in "an uncertain world", caution is the watchword for 2026 in the luxury sector, where major French groups have published mixed results. "The past year was 'turbulent economically and geopolitically (...) and 2026 will not be very simple either, but one thing at a time'," stated Bernard Arnault,...

Member

Business

Professional equality: When Kering turns social responsibility into an intangible asset

As the luxury sector enters a phase of structural rationalisation, performance is no longer measured solely by income statements. Social governance, employer attractiveness and mastery of non-financial criteria are becoming key competitive variables. In this context, Kering's publication of its 2025 Professional Equality Index goes far beyond a...

FeaturedMember

People|CEO Profile

Francesca Bellettini: the CEO forging Gucci's future

In an industry defined by dynamic shifts and heritage, the appointment of Francesca Bellettini as president and chief executive officer of Italian luxury maison Gucci in September 2025 marks a pivotal moment. With Gucci, the flagship brand of the French luxury group Kering, still facing declining sales and profits, Bellettini has been entrusted...

FeaturedMember

Business

Kering 2025: moment of truth for François-Henri Pinault's powerhouse

The luxury sector is no longer smooth sailing, and Kering (Kering) has become its most sensitive barometer. With a 13 percent decline in turnover, compressed profitability, and Gucci still undergoing reconstruction, the French group concludes a 2025 financial year that management describes as transitional. Investors, however, see it primarily as...

Member

Business

Generation award: Kering sets its sights on the MENA region

Kering is strengthening its influence in the Middle East and North Africa regions. By launching the Kering Generation Award in the MENA region, the luxury group is establishing itself in the local economic landscape. Its objective is to provide startups in these territories with the means to “shape the future of fashion”. This announcement...

Member

Business

McQueen restructuring plan: one-third of Italian workforce at risk

British luxury brand McQueen could lay off one-third of its Italian employees, according to a statement released by three local unions on Wednesday. The company's management has announced a restructuring plan. According to the unions Filctem CGIL, Femca CISL and Uiltec, this plan involves cutting approximately one-third of the total workforce....

People

Kering overhaul continues as Bottega Veneta CEO departs

Luxury conglomerate Kering announced Tuesday that Bartolomeo “Leo” Rongone will step down as CEO of Bottega Veneta on March 31 to pursue new professional projects. The group confirmed that the search for a successor is already underway, with an appointment expected shortly. Rongone, who joined Kering in 2012 and took the helm of Bottega Veneta...

Fashion

Passing of Valentino Garavani closes an era in 'Made in Italy' history

With the passing of Valentino Garavani at 93, we witness the end of an era where Italian style reigned supreme. Joining the ranks of departed legends like Gianni Versace and Gianfranco Ferrè, Valentino’s legacy represents the pinnacle of Italian excellence. His work, rooted in the elegance of Rome and the industrial chic of Milan, inspired...

Featured

People

Leo Rongone appointed new CEO of Moncler, effective April 1, 2026

Bartolomeo “Leo” Rongone is the new CEO of Moncler, effective April 1, 2026. The executive, who is currently leading Bottega Veneta, will leave the Kering-owned brand at the end of March. Luca de Meo, chief executive officer of Kering, stated in a note: "I would like to thank Leo Rongone for his leadership and the significant contribution he has...

FeaturedMember

Business

Saks Global: Millions owed to Chanel, Kering, LVMH, and more

Saks Global’s journey to eventual bankruptcy had been heavily speculated by industry insiders for months. Suspicions were then confirmed Wednesday, when the US retail giant officially filed for Chapter 11 protection in a Texas bankruptcy court, where documents have revealed the extent of financial challenges faced by the company. In its filing,...

Member

Business

Reports: Giambattista Valli at risk of closure

The Giambattista Valli, an Italian-French fashion brand is reportedly facing a complex period that could lead to its closure. According to reports from Italian daily newspaper Il Foglio, this is due to debts far exceeding the label's turnover. “We do not know if we will make it to spring,” a company executive told the newspaper founded by...

Member

Business

Kering gets green light for phased acquisition of Raselli Franco Group

The French luxury giant is heading to Valenza, a town in the Piedmont region's province of Alessandria. The area is home to the most important production units for international high jewellery. Kering is acquiring Raselli Franco Group, one of Europe's largest independent producers of luxury jewellery. This marks the first acquisition since the...