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Kering

Kering was founded in 1962 by François Pinault as a timber trading company, and evolved into retail conglomerate Pinault-Printemps–Redoute (PPR) in 1994. The group shifted focus to luxury by acquiring Gucci and Yves Saint Laurent in 1999, followed by Bottega Veneta, Balenciaga and Alexander McQueen in 2001. Rebranded as Kering in 2013, it now owns Saint Laurent, Boucheron and Creed. In 2023, Kering Bought a 30% stake in Valentino and launched Kering Beauté to develop in-house beauty products. As of 2024, Kering operated 1,813 stores worldwide, employed 47,000 people and reported €17.2bn (£15.01bn) in revenue. 

News

Kering CEO Luca de Meo

Kering boss unveils new turnaround strategy

Kering CEO Luca de Meo, who took to the helm last year, has outlined a new strategic turnaround plan to drive the French luxury group's return to growth.

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Falling Gucci sales drag Kering revenue down

Luxury group Kering, which owns fashion houses including Gucci and Bottega Veneta, has reported a 6% year-on-year drop in revenue to €3.5bn (£3.04bn) during the first quarter of 2026, as Gucci’s performance continues to wane.

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Alexander McQueen confirms redundancies in restructuring

Kering has confirmed 54 redundancies at Alexander McQueen's Italian operation – a significant proportion of its 181 employees – amid a strategic restructuring, WWD has reported.

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Profits take a hit at Kering

Operating profit at Kering was down 33% year on year to €1.6bn (£1.39bn) in 2025, as the business continues to struggle under the weight of flagship label Gucci.

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Anta Sports offers to buy Kering owners' 29% Puma stake

China’s Anta Sports has offered to acquire Kering's Pinault family’s 29% stake in German sportswear brand Puma, according to a Reuters report citing sources familiar with the matter.

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Alexander McQueen to cut London head office roles

Alexander McQueen is undertaking a strategic review that could results in the loss of around 55 roles at its London headquarters.

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