Kering news and archive

What impact will the sale of Kering's beauty division have on Armani?

The sale of Kering's beauty division to L'Oréal has called into question the potential acquisition of a stake in the Armani Group by the French beauty giant. Concern as to the future of L'Oréal's relationship with Armani has been raised by the media, which has speculated whether the brand's heirs may be forced to seek a different future home for...

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Kering sells its beauty division to L'Oréal to boost recovery

French luxury group Kering, which has been struggling for several years, is selling its beauty division to fellow French company L'Oréal for four billion euros. This move is expected to help reduce its debt and continue its recovery. The news was first reported on Saturday by the Wall Street Journal. Kering is selling its beauty division,...

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EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

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New Kering CEO charts turnaround plan with customer focus and faster timelines

The new chief executive officer (CEO) of luxury group Kering, Luca de Meo, is set to speak with the group's key managers. This group comprises several hundred executives. They will meet after reviewing a memo outlining several workstreams to revive the group, AFP learned on Wednesday, confirming a report from La Lettre. The meeting will take the...

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Fashion

A sublime Pierpaolo Piccioli makes Balenciaga 'chic' again

Madrid – Just over 15 minutes. That was the duration of the presentation for Balenciaga's new collection. It was all the time Pierpaolo Piccioli needed to usher in a new chapter as the new creative director of the emblematic French fashion house of Spanish origin. This new era is marked by a return to the 'chic' refinement that made the master...

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People

Kering: Francesca Bellettini appointed president and CEO of Gucci

Her departure had been rumoured for weeks, and this afternoon, it was confirmed. Gucci released a statement announcing Stefano Cantino’s decision to leave the company. In a separate statement, the French company announced Francesca Bellettini as the new CEO and president of Gucci. Cantino’s exit and Bellettini’s appointment as head of Gucci...

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Rumours of CEO change at Gucci: Is Francesca Bellettini taking the reins?

New Kering chief executive officer Luca de Meo is wasting no time restructuring the French luxury group. Following his official start date on Monday, September 2, a significant change at the helm of Gucci is already emerging. As reported by trade media outlets such as Business of Fashion and Women’s Wear Daily, Gucci CEO Stefano Cantino is...

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Kering to develop Valentino eyewear

Paris - French luxury group Kering, which holds a 30 percent stake in the Valentino fashion house, is set to develop and distribute Valentino's eyewear collections. This new partnership between Kering Eyewear and Valentino will begin on January 1, 2026, marking the start of a long-term collaboration. According to a press release issued on...

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People|CEO Profile

François-Henri Pinault: Heir, strategist and his shadows

“Being an heir isn’t about managing an inheritance; it’s about knowing how to transform it.” This statement, attributed to François-Henri Pinault, summarises his career path. It is the path of a son who not only continued his father’s work but also transformed it to the point of changing its fundamental nature. Where François Pinault built a...

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Kering postpones call option for Valentino

French luxury group Kering and Qatari investment firm Mayhoola have revised their agreement regarding the ownership structure of Italian fashion house Valentino. Both parties announced on Wednesday that Valentino's ownership structure will remain unchanged until at least 2028. Mayhoola currently holds 70 percent of Valentino's shares. Kering...

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Kering: Luca de Meo promises swift, "clear and strong" choices to "streamline, reorganise, reposition" certain brands

"The current situation reinforces our determination to act without delay", stated Luca de Meo on Tuesday at the Kering shareholders' meeting, which is to validate his appointment as the group's new chief executive officer. "This will require clear and strong choices." He emphasised the need "to continue deleveraging and, where necessary,...

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Luca de Meo: Automotive veteran to revitalise Kering

The top position at luxury group Kering is highly sought after. It is also currently in the spotlight of the fashion industry like no other. From next week, Luca de Meo will hold this role. A look at his CV reveals that the former automotive CEO not only has a knack for brands, but also a penchant for creative ideas and stylish suits. Passion as...