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Kering S.A. () is a French multinational specializing in , headquartered in . It owns the brands , Yves Saint Laurent, , , Creed, , and Alexander McQueen, among others.

The timber-trading company Pinault S.A. was founded in 1962, by François Pinault. After the company was quoted on in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994. The luxury group was rebranded Kering in 2013. It has been a constituent of the CAC 40 since 1995. François-Henri Pinault has been President of Kering since 2005, and Luca de Meo CEO since September 2025. In 2024, the group's revenue reached €17.2 billion.


History

Timber (1962-1988)
In 1962, François Pinault opened the Établissements Pinault in (France) specialized in timber trading with a 100,000-franc loan from the bank. His business grew rapidly by acquiring many local timber operations and building its own import bridges, turning Pinault S.A. into a leading timber trader in France in the 1980s. By 1988, the group owned 180 companies and 33 factories for an annual revenue of 10 billion francs.


Retail (1988-2013)
In 1988, Pinault S.A. was listed on the Paris Stock Exchange and started a new period of growth in the retail sector through major acquisitions. In 1989, Pinault S.A. purchased 20% of CFAO, a French distribution conglomerate active throughout Africa. In 1990, Pinault S.A. and CFAO merged, and François Pinault became head of the newly formed group which acquired (French furniture retailer) in 1991, (French department stores) in 1992, which also owned 54% of (French mail-order shopping retailer), and (French bookstore, multimedia and electronics retailer) in 1994. The group was renamed Pinault-Printemps-Redoute in 1994.

In 1999, Pinault-Printemps-Redoute purchased a controlling 42% stake of the for $3 billion, and 100% of Yves Saint Laurent. Those investments marked the cornerstone of the group's shift towards luxury. Through Gucci, Pinault-Printemps-Redoute acquired in 2000, and in 2001, and signed partnerships with Alexander McQueen and .

(2016). 9780191640278, Oxford University Press. .

In 2003, François-Henri Pinault, son of the founder François Pinault, became general manager of Artémis, the family holding company that controlled Pinault-Printemps-Redoute. In 2005, he was named president and CEO of Pinault-Printemps-Redoute, a year after the group had reached a 99.4% ownership of . The group continued acquiring luxury brands: (watch company owner of ) and Brioni (Italian tailor) in 2011 ; Pomellato Group (jewelry company owner of and Dodo) and (jewelry) in 2012 ; (British fashion house) and (porcelain) in 2013 ; (watches) in 2014. The group also sold its retail assets: Le Printemps in 2006 ; Conforama in 2011 ; CFAO in 2012 ; Fnac in 2012 ; La Redoute in 2013. PPR developed a 'sport & lifestyle' portfolio with the acquisition of Puma in 2007, in 2010, and in 2011, all of which were sold the following decade.


Luxury (since 2013)
In March 2013, PPR changed its name to Kering. Bottega Veneta hit the billion-dollar sales mark in 2012. In 2014, Kering created its own eyewear production arm, Kering Eyewear (1.5 billion euros revenue in 2023), and acquired the eyewear brands Lindberg in 2021 and in 2022. Balenciaga was turned into a disruptive fashion house and Yves Saint Laurent hit the 2-billion dollar sales mark in 2019. From 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, the latter hitting the 10-billion dollars sales mark in 2022. The group divested its interests in in 2018, Christopher Kane in 2019, and its watch division (Girard-Perregaux and Ulysse Nardin) in 2022.Sudip Kar-Gupta, Mimosa Spencer and Silke Koltrowitz, Luxury goods group Kering to sell watches division, Reuters.com, 24 January 2022 Since 2015, Kering has been hosting the program Women in Motion in partnership with the to highlight and reward women's contribution to cinema.

In 2023, Kering's annual results declined to 19.6 billion (-4%), mainly caused by the deceleration of Gucci's streak. That same year, Kering acquired the fragrance company Creed, 30% of the fashion house Valentino, and Kering Beauté was launched to manage in-house the development of beauty products for the group's brands. In 2025, Luca de Meo was appointed CEO to give a new impetus to the luxury group.


Activities
Kering's headquarters are located in the former Hôpital Laennec in the 7th arrondissement of Paris. The parent holding company of Kering is Groupe Artémis. In 2024, Kering made 17.2 billion euros in revenue, and managed 47,000 employees and 1,813 stores.

Kering fully or partially owns the following brands:

1999
Yves Saint Laurent1999
2000
2001
2001
Alexander McQueen2001
Brioni2011
2012
2012
Dodo2012
Ginori 1735 (formerly )2013
Lindberg2021
2022
Creed2023
Valentino (30%)2023
Kering also owns Kering Eyewear (luxury eyewear production arm) and Kering Beauté (cosmetics division).


Governance
  • Chairman: François-Henri Pinault (since 2005)
  • CEO: Luca de Meo (since 2025)


Financial data
+ Results (in € millions) !Year ! 2006 ! 2007 ! 2008 ! 2009 ! 2010 ! 2011 ! 2012 ! 2013 ! 2014 ! 2015 ! 2016 ! 2017 ! 2018 ! 2019 ! 2020 ! 2023 ! 2024
Sales17 93117 76120 20116 52511 00812 2279 7369 74810 03711 58412 38515 47813 665.215 883.313 100.219 56617 194
Net results6801 0589249859659861 04850528.96968141 7863 714.93 211.51 972.22 9831 133


See also
  • François Pinault
  • François-Henri Pinault
  • Groupe Artémis


External links

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