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Kering is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault. After the . See moreTimber (1962-1988)In 1962, François Pinault opened the Établissements Pinault in Brittany (France) specialized in timber trading with a 100,000 francs loan . See more• Chairman and CEO: François-Henri Pinault See more
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The Kering Foundation was created in 2008 to combat violence against women. Kering was one of the first companies to endorse the Women's Empowerment Principles of the UN Women. Starting in 2019, the Kering Foundation developed actions to combat See moreKering's headquarters are located in the former Hopital Laennec in the 7th arrondissement of Paris. The parent holding company of Kering is Groupe Artémis. . See more
• François Pinault• François-Henri Pinault• Groupe Artémis See more• Official website See more Arnault’s French rival François Pinault rode in as Gucci’s white knight, and .
PARIS — Gucci Group’s days as a public company are near an end — at a cost .Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault.
Arnault’s French rival François Pinault rode in as Gucci’s white knight, and brought the company into what was then PPR, and is now known as Kering. PARIS — Gucci Group’s days as a public company are near an end — at a cost to Pinault-Printemps-Redoute of close to billion. At the conclusion Thursday of its monthlong tender offer, PPR . In 2001, PPR was authorized to buy half of LVMH's Gucci shares. By 2004, PPR owned 68% of Gucci. PPR acquired the remaining shares through a monthlong tender offer held in April of that year. On March 19, in the middle of the consistent and intense ongoing negotiations, news broke that Gucci had agreed to sell the 42% stake to another Paris-based luxury conglomerate, PPR, for billion. Thus, the formerly uninvolved PPR swooped in to "rescue" Gucci from LVMH.
The deal between Gucci and PPR was essentially put on ice towards the end of April 1999, when the Enterprise Chamber of the Amsterdam Court of Appeals decided to freeze the billion PPR paid to Gucci in exchange for a 42 percent stake in the company. PARIS, France — PPR SA, the French owner of Gucci and Puma, will change its name to Kering to cap a transformation into a specialist in luxury products and sporting goods.
Why did PPR, a globally renowned luxury group with years of heritage, rebrand itself as Kering and hire French fashion blogger Garance Doré to tell its story? BoF investigates.
In 1999, Gucci underwent a revival when it was acquired by the French conglomerate PPR, which later rebranded as Kering. Under the leadership of CEO Marco Bizzarri, who assumed the position in December 2014, and the creative direction of Alessandro Michele from January 2015 to November 23, 2022, Gucci experienced a renaissance. The Gucci Group (‟Gucci”) Pinault Printemps Redoute (‟PPR”) alliance is based on a well-known hostile takeover bid, which was played out by applying the regulations on Public Takeover Bids (‟PTB”) to the advantage of PPR, riveting the pawn to its rival Louis Vuitton Moët Hennessy (‟LVMH”).Kering (French: [kɛːʁiŋ]) is a French multinational holding company specializing in luxury goods, headquartered in Paris. It owns the brands Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Creed and Alexander McQueen. The timber-trading company Pinault S.A. was founded in 1962, by François Pinault.
Arnault’s French rival François Pinault rode in as Gucci’s white knight, and brought the company into what was then PPR, and is now known as Kering. PARIS — Gucci Group’s days as a public company are near an end — at a cost to Pinault-Printemps-Redoute of close to billion. At the conclusion Thursday of its monthlong tender offer, PPR . In 2001, PPR was authorized to buy half of LVMH's Gucci shares. By 2004, PPR owned 68% of Gucci. PPR acquired the remaining shares through a monthlong tender offer held in April of that year.
On March 19, in the middle of the consistent and intense ongoing negotiations, news broke that Gucci had agreed to sell the 42% stake to another Paris-based luxury conglomerate, PPR, for billion. Thus, the formerly uninvolved PPR swooped in to "rescue" Gucci from LVMH.The deal between Gucci and PPR was essentially put on ice towards the end of April 1999, when the Enterprise Chamber of the Amsterdam Court of Appeals decided to freeze the billion PPR paid to Gucci in exchange for a 42 percent stake in the company. PARIS, France — PPR SA, the French owner of Gucci and Puma, will change its name to Kering to cap a transformation into a specialist in luxury products and sporting goods.
Why did PPR, a globally renowned luxury group with years of heritage, rebrand itself as Kering and hire French fashion blogger Garance Doré to tell its story? BoF investigates.
In 1999, Gucci underwent a revival when it was acquired by the French conglomerate PPR, which later rebranded as Kering. Under the leadership of CEO Marco Bizzarri, who assumed the position in December 2014, and the creative direction of Alessandro Michele from January 2015 to November 23, 2022, Gucci experienced a renaissance.
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