Kering news and archive

Why Kering founder Pinault chose Luca de Meo as CEO

French luxury group Kering appointed Luca de Meo as its new chief executive officer. François-Henri Pinault stepped down after more than 20 years. Why did the Kering founder consider the Renault boss the best candidate to lead the company into a new phase of growth after the disappointing business performance of recent quarters? Long process...

Kering partners with Black in Corporate

Kering has partnered with Candace Marie Stewart’s Black in Corporate on a month-long virtual mentorship program for Black professionals. The program will pair Black professionals at different stages of their career with a mentor at Kering Americas or one of the brands fashion houses. Some notable brands in Kering’s portfolio include Gucci,...

Kering snaps up stake in handbag rental service Cocoon

Gucci-owner Kering has invested in handbag rental service Cocoon in the latest example of the French luxury giant’s confidence in circular fashion businesses. London-based Cocoon offers its customers a variety of rental memberships starting from 49 pounds per month which they can pay for on a monthly or quarterly basis, giving them access to top...

Fashion for Good project with Bestseller and Kering demonstrates tracing of viscose

Global sustainability initiative Fashion for Good reported the successful completion of its Viscose Traceability Pilot in time for World Rainforest Day on 22nd June 2021. The pilot is a consortium project with partners Bestseller and Kering and supported by Zalando to trace sustainable viscose in garments using innovator TextileGenesis’...

The stock market's luxury indexes are soaring post pandemic

Luxury investors are showing confidence in the stock market again, with mergers and acquisitions back on fashion’s agenda. Covid-19 has without a doubt impacted the world’s stock exchanges, sending most of them in a frenzy in the early days, but after several months of difficulties, luxury indexes are setting new historical records. The month of...

5 Brands launching Pride Collections with a Difference

June is the month of Pride and some brands are doing more than lip service and making inclusivity a priority. For the past several years, a plethora of brands from high street to sportswear to luxury, have unveiled collections and collaborations that directly benefit the LGBTQIA+ community, either through awareness or donating to relevant...

Kering sells further 5.9 percent stake in Puma

French luxury group Kering has sold an almost 6 percent stake in Puma as it continues to wind down its investment in the German sportswear category. Kering announced Thursday “the launch of the sell-down of approximately 8.9 million shares that it owns in Puma SE, representing approximately 5.9 percent of the share capital of Puma, through a...

From farm to closet: How some brands are embracing regenerative production

When luxury companies began buying factories to keep artisan skills alive, it was a passive move into sustainability. It was also a way to stifle competition, where brands have priority ownership over their supply chains. Safeguarding craftsmanship From a craftsmanship point of view, hand-made products hold their own unique value, and remain...

Strong Gucci sales drive Kering rebound to pre-Covid revenue

Italian luxury label Gucci has helped drive a rebound in the revenue of its parent company Kering to pre-Covid levels in the first quarter of the year. The French luxury group’s revenue rose 25.8 percent to 3.89 billion euros on a comparable basis, ahead of analysts’ estimates. It is another indication that the luxury industry is beginning to...