In a landmark move that marks a significant shift in the luxury fashion landscape, Kering and Mayhoola have announced a binding agreement that will see Kering acquire a 30% shareholding in the prestigious Italian luxury house, Valentino. The cash consideration for this acquisition amounts to a staggering €1.7 billion. This partnership forms part of a … Read more
Kering Beauté Is The New Owner Of The Largest global independent player in the fast-growing high-end luxury fragrance segment. Established in 1760 by James Henry Creed, the House of Creed is the largest global independent player in the high-end fragrance market. Creed possesses a distinct collection of timeless and sophisticated perfumes, including the iconic Aventus. … Read more
Kering Luxury Group Partner with NYC Pride To Celebrate Pride Month 2023. With the participation of each of its Houses and the active support of ALL, its vibrant LGBTQIA+ employee resource group, Kering Americas will celebrate Pride Month 2023 as an official sponsor of NYC Pride and participate for the first time in the NYC … Read more
Kering unveils new Italian headquarters in the centre of Milan. Kering announced the opening of its new 9,500 square-meter offices in Milan. Kering, the global luxury group, has unveiled its impressive new Italian headquarters in the heart of Milan. The six-floor Palazzo Pertusati, located on Via Senato, showcases Kering’s commitment to the Italian luxury and … Read more
THE 3RD KERING GENERATION AWARD OPEN FOR APPLICATION IN GREATER CHINA “COMING FULL CIRCLE” Kering luxury group, the parent company of Gucci, Saint Laurent, Pomellato, and Bottega Veneta, together with global innovation platform Plug and Play China, announced the third edition of the Kering Generation Award in Greater China under the theme “Coming Full Circle”. … Read more
Group revenue: €9.9 billion, up 23% as reported and up 16% on a comparable basis. Kering’s financial result improved sharply in the first half of 2022. Group revenue in the first half of 2022 grew 23% as reported and 16% on a comparable basis compared to the first six months of 2021. Group revenue also … Read more