Kering news and archive

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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Kering postpones call option for Valentino

French luxury group Kering and Qatari investment firm Mayhoola have revised their agreement regarding the ownership structure of Italian fashion house Valentino. Both parties announced on Wednesday that Valentino's ownership structure will remain unchanged until at least 2028. Mayhoola currently holds 70 percent of Valentino's shares. Kering...

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Kering: Luca de Meo promises swift, "clear and strong" choices to "streamline, reorganise, reposition" certain brands

"The current situation reinforces our determination to act without delay", stated Luca de Meo on Tuesday at the Kering shareholders' meeting, which is to validate his appointment as the group's new chief executive officer. "This will require clear and strong choices." He emphasised the need "to continue deleveraging and, where necessary,...

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People|CEO PROFILE

Luca de Meo: Automotive veteran to revitalise Kering

The top position at luxury group Kering is highly sought after. It is also currently in the spotlight of the fashion industry like no other. From next week, Luca de Meo will hold this role. A look at his CV reveals that the former automotive CEO not only has a knack for brands, but also a penchant for creative ideas and stylish suits. Passion as...

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Fashion |Opinion

Luxury fashion at a crossroads ahead of key designer debuts

If the Venice Film Festival’s red carpet is any guide, the luxury sector is entering the womenswear season in a state of uncertainty. Following a long summer and the July haute couture shows, celebrity dressing has returned with renewed significance, as catwalk presentations risk becoming increasingly predictable and uninspiring. The festival...

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Prada, Jil Sander, Jack Wolfskin… An overview of new management in the fashion industry

Even during the seemingly quiet summer period, the fashion industry continues its reshuffle. From Lancel and Nike to Geox and Marni, FashionUnited has compiled the most important personnel decisions of recent months. Jil Sander: Ubaldo Minelli appointed CEO Ubaldo Minelli, chief executive officer of the Italian fashion group OTB Group, is now...

Culture

Vogue Italia and Kering bring Cinemoda Club to Milan

This September, just as Milan Fashion Week kicks into full gear, Vogue Italia and Kering are introducing Cinemoda Club, a three-day film series designed to spotlight the deep, ongoing connection between fashion and cinema. Running from 25 to 27 September, Cinemoda Club will take over three of Milan’s most iconic independent cinemas Arlecchino,...

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Regenerative agriculture in fashion: Kering and Inditex's fund expands its global reach

The Regenerative Fund for Nature, driven by Kering and Inditex in collaboration with Conservation International, has already integrated over 1.1 million hectares of agricultural land into regenerative agriculture projects across eight countries. It plans to expand to five more. This progress marks a significant expansion in both the fund’s...

Retail

Gucci Italia employees protest over unpaid welfare benefits

Approximately 1,000 retail and logistics employees at Kering-owned Gucci Italia are staging a protest. In a statement, trade unions Filcams Cgil, Fisascat Cisl and Uiltucs declared industrial action. This follows the company's refusal to distribute welfare payments, as stipulated in an expired collective agreement. The unions highlighted how...

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Kering to offer Luca de Meo 20 million euro welcome bonus

Struggling luxury group Kering will offer a "welcome bonus" of 20 million euros to its new managing director, Luca de Meo, at the company's general meeting in September, which is to approve his appointment. Kering officially announced in mid-June the arrival of de Meo, aged 58, to the newly created position of managing director. The current CEO,...

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Luxury sector faces challenges: Tariffs, declining sales, and economic headwinds

Paris - The global luxury sector is facing increasing challenges, grappling not only with a decline in the consumption of high-end handbags, perfumes, and designer clothing but now also contending with new tariffs on exports to the United States, a crucial market. Bernard Arnault, chairman and CEO of LVMH, acknowledged the difficult landscape....

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Kering stock analysis: Shareholder confidence despite profit drop

Kering's (KER) share price remains steady on Wednesday morning. After a brief dip immediately following the stock market's opening, the share price is now a few percentage points higher than the previous day. The French luxury group published its second-quarter and first-half results for the financial year after markets closed on Tuesday. The...