Public Facts about Kering
- Kering is a French-based multinational corporation specialising in luxury goods. It owns the luxury brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. The timber-trading company Pinault S.A. was founded in 1963, by François Pinault.
- After the company was quoted on Euronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994, and the luxury group Kering in 2013.The group has been a constituent of the CAC 40 since 1995. François-Henri Pinault has been president and CEO of Kering since 2005. In 2020, the group’s revenue reached €13.1 billion.
Kering is an international group based in Paris specializing in luxury and fashion goods. Its portfolio includes luxury brands specialized in the design, the making and the sale of fine products, especially in the leather goods, shoes, ready-to-wear, watches and jewellery sectors.
Kering Eyewear (30%-owned by Richemont) produces glasses for the luxury sector. Kering’s headquarters are located in the former Hopital Laennec in the 7th arrondissement of Paris.The parent holding company of Kering is Groupe Artémis. In 2020, Kering made 13.1 billion euros in revenue, 17.5% from the previous year. The group has 30.956 employees and 1.381 stores. Its brands Gucci, Saint Laurent and Bottega Veneta generated 84% of the group’s revenue.
The leather goods, shoes, and ready-to-wear products represent 87% of the group’s revenue. As of 2022, Gucci itself represented 60% of Kering’s revenue and 70% of its profit. On January 24, 2022 Kering announces the sale of its entire stake of GIRARD-PERREGAUX and ULYSSE NARDIN to their current management.
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